S&P 500 and Nasdaq-100 futures fell on Tuesday, weighed down by a rise in oil prices as well as a report that pointed to weakness in OpenAI. Futures tied to the broad market index fell 0.5%, while those linked to the Nasdaq-100 shed 1.1%. Futures tied to the Dow Jones Industrial Average added 142 points, or 0.3%, lifted by a more than 3% gain in shares of Coca-Cola and a 2% rise in Sherwin-Williams shares after both companies reported better-than-expected earnings. OpenAI recently saw revenue and new user growth that were below its own targets, according to a Wall Street Journal report. The report added that CFO Sarah Friar told leadership she was concerned OpenAI may not be able to pay computing contracts in the future if its top line doesn’t expand fast enough. The report sent tech lower. Nvidia lost more than 2%, while Broadcom pulled back more than 4%. AMD and Intel were down nearly 6% and 4%, respectively. Oracle dropped more than 7%. Tuesday’s moves come after the S&P 500 and Nasdaq hit record highs on Monday. The market’s gains were kept in check as peace talks between the U.S. and Iran appeared to come to a standstill. Over the weekend, President Donald Trump canceled plans to send U.S. special envoy Steve Witkoff and Jared Kushner to Pakistan to discuss the ceasefire in Iran. In a Truth Social post, the president said that negotiations could happen over the phone. Esmaeil Baqaei, Iran’s Foreign Ministry spokesperson, said that no meetings are currently planned between Tehran and Washington. In a bit of positive news, White House press secretary Karoline Leavitt confirmed on Monday that Trump and his national security team have discussed Iran’s offer to reopen the Strait of Hormuz if the war ends and the U.S. lifts its blockade. The news comes during a major earnings week for the stock market, with five of the “Magnificent Seven” tech titans slated to report. Alphabet, Amazon, Meta Platforms, and Microsoft are due Wednesday, while Apple’s results are set for Thursday. “I do think some strength in the first quarter has been pre-traded,” said John Belton, growth equities portfolio manager at Gabelli Funds, on CNBC’s “Closing Bell: Overtime” on Monday afternoon. “But these are strong fundamentals, high expectations—hard to say how stocks respond on the day of earnings against that setup. Still, looking longer term, I think these are pretty interesting.” U.S. Treasury yields rose on Tuesday as investors awaited developments on negotiations between the U.S. and Iran, which hit an impasse over the weekend. The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — rose 3 basis points at 4.366%. The 2-year Treasury note yield, which more closely tracks short-term Federal Reserve interest rate policy, was more than 3 basis points higher at 3.836%. The longer-dated 30-year Treasury bond yield was up 2 basis points at 4.962%. Asia-Pacific markets closed mostly lower Tuesday as investors weighed developments in U.S.-Iran negotiations. Japan’s Nikkei 225 declined 1.02% to close at 59,917.46 after notching a record high on Monday, while the Topix added 0.99% to 3,772.19. South Korea’s Kospi rose 0.39% to 6,641.02 while the small-cap Kosdaq declined 0.86% to 1,215.58. In Australia, the S&P/ASX 200 lost 0.64% to 8,710.7. Hong Kong’s Hang Seng index lost 0.48% in its last hour of trading, while the CSI 300 declined 0.27% to 4,758.21. India’s Nifty 50 was down 0.28% as of 3:25 a.m. ET, while the BSE Sensex lost 0.47%. U.S. crude oil prices rose more than 4% Tuesday on reports that President Donald Trump is dissatisfied with Iran’s proposal to reopen the Strait of Hormuz. West Texas Intermediate futures jumped more than 3% to $100.11 per barrel by 8:35 a.m. ET. International benchmark Brent futures advanced 3.2% to $111.67. Gold slipped to a three-week low on Tuesday, ​following a rise in ​oil prices after ​stalled U.S.–Iran talks, as markets weighed inflation risks and interest-rate concerns ahead of a slew of central bank decisions. Spot gold dropped 1.4% to $4,614.71 per ounce, as of 0924 GMT, ⁠its ‌lowest level since April 7. U.S. gold futures for ⁠June delivery fell 1.4% to $4,629.20. “Today’s decline in gold (and silver) prices mirrors an increase in oil prices due to the lack of progress in the negotiations between the U.S. and Iran,” said ‌Julius Baer analyst Carsten Menke.