S&P 500, Nasdaq retreat from records as tech momentum fades, oil trims losses amid US-Iran talks

The Dow advanced 335 points, or 0.7%, led by a more than 3% rise in shares of consumer goods giant Procter & Gamble. The S&P 500 edged up 0.1%, hovering near record levels, while the Nasdaq Composite traded largely flat.
US crude oil pared losses after the White House called an Iranian media report on a framework deal a “complete fabrication.” WTI crude still fell nearly 4% to $90.19 per barrel, while Brent slipped over 3% to $96.
However, losses in cybersecurity shares weighed on technology sentiment. Zscaler plunged 29% after the cloud security company issued weaker-than-expected revenue guidance for the current quarter.The negative outlook dragged peers lower, with Palo Alto Networks falling more than 2% and CrowdStrike declining over 3%. The Global X Cybersecurity ETF also dropped more than 4% during the session.

The mixed market action comes as investors continue to monitor geopolitical developments in West Asia, oil price movements, and the broader impact of artificial intelligence-driven changes across the technology sector.