US stocks close lower; Dow sheds 290 points

US equities ended Tuesday’s session in negative territory, pressured by rising concerns over stalled peace negotiations between the United States and Iran and the approaching expiry of the truce with no clear path to a resolution.

At the close, the Dow Jones Industrial Average fell 0.59%, or 293 points, to 49,149.

The broader S&P 500 declined 0.63%, or 45 points, to 7,064, while the Nasdaq Composite dropped 0.59%, or 144 points, to 24,259.

In Europe, the STOXX Europe 600 slipped 0.87% to 616 amid mixed sector performance. The UK’s FTSE 100 fell 1% to 10,498, Germany’s DAX declined 0.60% to 24,270, and France’s CAC 40 dropped 1.14% to 8,235.

In Japan, the Nikkei 225 rose 0.89% to 59,349, while the broader Topix edged down 0.18% to 3,770.

Brent crude futures for June delivery rose 3.14%, or $3, to $98.48 per barrel.

US WTI crude for May delivery—expiring Tuesday—gained 2.81%, or $2.52, to $92.13 per barrel.

Gold futures for June delivery fell 2.26%, or $109.20, to $4,719.60 per ounce.

Concerns over a potential collapse in diplomatic efforts between Washington and Tehran intensified after US President Donald Trump signaled reluctance to extend the truce, alongside the cancellation of the vice president’s trip to Pakistan for talks due to Iran’s failure to confirm participation.