Dow slides as Trump rejects Iran deal, oil climbs and Nvidia gains
The Dow Jones Industrial Average fell on Monday after President Trump dismissed a proposed Iran peace agreement, while oil prices rose and Nvidia shares increased following a buyback announcement.
The Dow Jones Industrial Average slipped on Monday following President Donald Trump's rejection of a proposed peace deal with Iran. The move coincided with a rise in oil prices, which jumped after the announcement. In contrast, shares of chipmaker Nvidia rose after the company disclosed a share buyback program.
"We remain committed to protecting American interests," Trump said in a statement rejecting the deal. The market reaction reflected divergent trends across sectors, with energy stocks gaining on higher oil prices and technology shares benefiting from corporate buyback news.