Stock market today: Dow, S&P 500, Nasdaq futures waver as Iran officials reject negotiation

Market Overview - US stock futures experienced a slight decline after a significant rebound on Wall Street, influenced by optimism regarding easing tensions between the US and Iran [1] - Contracts linked to the S&P 500 and Dow Jones Industrial Average both fell by 0.1%, while Nasdaq 100 futures dropped below the flatline [1] Recent Developments - Markets rose on Monday following President Trump's announcement of "very good and productive" discussions with Iran aimed at resolving hostilities, with the Dow soaring over 1,100 points intraday [2] - However, Iranian state media refuted this claim, stating that no direct negotiations had occurred, leading to mixed market reactions [2] Geopolitical Tensions - The situation escalated over the weekend, with Trump warning of potential strikes on Iranian energy infrastructure if the Strait of Hormuz remained closed, while Iran threatened US assets [3] - These developments raised concerns about further escalation in the region [3] Oil Market Impact - Oil prices saw a significant drop due to the potential winding down of hostilities, with West Texas Intermediate crude falling approximately 10% to around $88 per barrel, and Brent crude decreasing nearly 11% to just under $100 [4] - Oil futures experienced a slight increase in late trading [4] Upcoming Focus - Investors are expected to shift their attention to upcoming US manufacturing data and the conclusion of the earnings season, with GameStop scheduled to report after market close [4]