fb-pixelSnapshot: Amid light trading, Iran news dominates - The Boston Globe Skip to main content

Snapshot: Amid light trading, Iran news dominates

The stock market paused, after a string of records. Investors had little company news, and trading was light. The news was geopolitical: The United States and other world powers cut a deal Sunday to limit Iran’s nuclear program. That pulled down oil prices and energy stocks. The pact could boost supplies by making it easier for Iran to sell its crude. Stocks have soared this year on solid earnings, a stronger economy, and the Fed’s policies. Stocks also offer an attractive alternative to bonds, as interest rates remain low. The day did feature one milestone: The Nasdaq rose as high as 4,007.09, a level not seen since 2000 in the dot-com bubble.