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US stocks near record high, oil falls as Trump claims Iran talks under way

Benchmark S&P500 approaches all-time peak as Washington, Tehran offer conflicting accounts of status of talks.

Al Jazeera By John Power Captured Aug 4, 2026, 3:48 AM
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Benchmark S&P500 approaches all-time peak as Washington, Tehran offer conflicting accounts of status of talks.

The US stock market has surged to the cusp of its all-time high amid conflicting signals about the status of negotiations on ending the war on Iran.

The S&P500 climbed 1.5 percent on Monday, leaving the benchmark index just shy of its closing record of 7,620.90 set on June 2.

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