Stock Futures Fall as Oil, Yields Rise on Iran Stalemate

U.S. stock futures fell Monday as oil prices and bond yields rose after the U.S. and Iran failed to reach a deal to end the Middle East conflict, with Nasdaq 100 futures down 0.9% and Dow futures slipping 131 points. President Donald Trump rejected Tehran's seven-day cease-fire proposal and expects to resume bombing after November's midterms, according to The Wall Street Journal. Brent crude climbed 2.1% to $99.53 a barrel, while the 10-year Treasury yield rose 5 basis points to 5.22%. All three major indexes gained last week on hopes for progress in talks, but Deutsche Bank analyst Jim Reid noted a stalemate persists, though a line of communication remains open between the two sides.