Bonds & Stocks
A rally that drove stocks to a series of all-time highs took a breather as traders weighed prospects for an agreement that would end the war that has roiled financial markets around the world. The S&P 500 was little changed. The yield on 10-year Treasuries declined one basis point to 4.44%.
Economy
The White House said it will reduce tariffs on farm and construction equipment such as harvesters and forklifts, in an effort to boost investment in the industrial economy through next year. Under a proclamation issued late Monday, those import taxes would drop to 15% from 25%.
World
President Donald Trump is still optimistic the US can reach an interim peace deal with Iran soon, after the Islamic Republic threatened to suspend talks because of Israel’s escalating attacks in Lebanon. “I think you’re talking about over the next week,” Trump said to ABC News late on Monday.