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US stock markets today (May 11, 2026): Wall Street pauses after record rally; oil jumps as US-Iran talks stall

Wall Street’s main indices traded cautiously on Monday after last week’s record-setting rally as renewed concerns over stalled US-Iran peace talks and rising oil prices weighed on investor sentiment, Reuters reported.The Dow Jones Industrial Average was nearly flat in early trade, slipping 3.54 points, or 0.01 per cent, to 49,605.62.The S&P 500 rose 11.38 points,...
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AI isn’t costing anybody their job right now

White House National Economic Council Director Kevin Hassett on Monday shrugged off any negative impact of artificial intelligence on employment, saying the emergent technology isn’t costing anyone their jobs right now. “There’s no sign in the data that AI is costing anybody their job right now, but we are studying the future of AI and...
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