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Bobby Charmak works on the floor at the New York Stock Exchange in New York, Tuesday, April 7, 2026.

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Stocks drift lower and oil prices ease ahead of planned US-Iran talks

Stocks drift lower and oil prices ease ahead of planned US-Iran talks

Stocks drifted mostly lower on Wall Street and oil prices slipped ahead of planned U.S.-Iran talks following a shaky ceasefire agreement. The S&P 500 fell 0.1% Friday. The Dow Jones Industrial Average lost 0.6%, and the Nasdaq composite rose 0.4%. Trading remained choppy ahead of high-level talks between negotiators from Iran and the U.S. planned for Saturday in Pakistan. The U.S. government reported a sharp spike in inflation in March because of the biggest monthly jump in gas prices in six decades, but the increase wasn't quite as bad as economists were expecting. Treasury yields rose in the bond market.