US, Russia Begin Ukrainian Peace Talks, Intel Shares Surge: What’s Driving Markets Tuesday?

Major U.S. indices are little-changed in Tuesday’s midday trading as investors monitor recent geopolitical developments and anticipate the release of the latest FOMC minutes on Wednesday.

U.S. and Russian officials met in Saudi Arabia Tuesday to begin peace negotiations, marking their first high-level talks on the war in Ukraine since Russia’s invasion in 2022. The initial talks were intended as “trust-building” and could lay the groundwork for a future meeting between President Donald Trump and Russian President Vladimir Putin. Ukrainian and other European officials were notably absent from Tuesday’s discussions. 

WTI crude oil futures held steady as diplomatic talks between the U.S. and Russia raised hopes for reduced geopolitical risks. 

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