US stock exchanges: The Wall Street is also on the verge of new records - Amazon is worth more than three trillion dollars
The decline in oil prices is driving investors back into stocks and bonds. On Monday, the Dow Jones and S&P 500 benchmark indexes opened just below their record highs.
Investors in the United States reacted with relief once more to signals of Iran conflict progress on Monday. Iran denied negotiations with the US, but stock prices on Wall Street came close to record highs. President Donald Trump had temporarily postponed a planned US military strike on Iran targets. The Dow Jones Industrial Average closed 1.3 percent higher at 53,178 points, marking the highest closing ever.
The S&P 500 index increased by 1.5 percent to 7,601 points, with a record high of 7,620.09. The Nasdaq index rose 2.1 percent to 25,913. Tech-heavy indexes still fell short of record marks due to recent weakness in chip values. Trump announced he had canceled the largest US military attack "since World War II" to allow for new negotiations with Iran.
Talks were scheduled for the afternoon of the same day, although details were unclear at first. Iran stated on Monday that there were no current talks or planned meetings with the US. Despite this, prices for energy commodities fell, with European Brent crude oil for October delivery dropping over 4 percent. The WTI crude oil type for October delivery fell 4 percent, and even 6 percent for September.
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