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Wall Street futures dropped Monday after U.S.-Iran talks failed to reach a deal. Dow, S&P 500, and Nasdaq E-minis all declined. The U.S. military prepared a maritime blockade on Iranian ports, pushing oil above $100 a barrel. Volatility rose, travel stocks fell on fuel cost concerns, and energy stocks gained.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Wall Street futures fell Monday after weekend talks between the U.S. and Iran failed to produce
00:06a deal to end the war, according to Reuters. Dow E-minis dropped by 0.54 percent, S&P 500
00:12E-minis
00:13fell by 0.63 percent, and NASDAQ 100 E-minis declined by 0.65 percent. The U.S. military
00:19prepared to begin a blockade of maritime traffic tied to Iranian ports, increasing pressure on
00:23Tehran. The CBOE Market Volatility Index, a measure of market fear, rose to 21.32 points
00:29as investors shifted to the U.S. dollar and reduced equity exposure. Oil prices moved
00:33above $100 a barrel after recent data showed a sharp rise in gasoline and diesel costs. Travel
00:38stocks declined while energy stocks gained. Travel stocks fell on fuel cost concerns,
00:42and energy stocks rose with higher oil prices. For all things money, visit Benzinga.com.
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