U.S. Indices Retreat as Energy Sector Gains

U.S. indices have given back some of their recent stellar gains on Tuesday with traders unnerved by the uncertainty regarding the next round of U.S.-Iran talks.  Rather than decipher whether the path to diplomacy is truly crumbling or if each side is posturing for a better negotiating position, investors booked some profits.  Basic Materials - the best performing sector in the S&P 500 over the past month - underperformed all other areas of the market.  In turn, Energy was the only sector in the green as WTI Crude Oil prices advanced as high as $92 per barrel.In the opening hour of the evening session, WTI is back around $90 despite the reported large draw from inventories in the weekly API data, while S&P e-minis and Nasdaq 100 are up 0.4% each.  Markets are latching on to the latest Trump statement on Truth Social that he will extend the ceasefire until the latest proposal from Iranian officials is submitted via Pakistani mediators.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Manhattan Associatesup 9.0%Monarch Casino & Resortup 3.6%Pegasystemsup 3.3%Beta Bionicsup 3.1%Agree Realtyup 2.7%Intuitive Surgicalup 1.0%United Airlinesup 0.9%ALSO HIGHER -Teleflexup 11.4% after Bloomberg reported CVC and GTCR considering takeoverWisdomTreeup 5.4% after being initiated with an Outperform at Raymond JamesAdobeup 2.1% after announcing new buyback programDOWN AFTER EARNINGS -Sonoco Productsdown 6.3%Calixdown 5.2%Bank OZKdown 2.4%Capital Onedown 1.9%Interactive Brokersdown 1.1%ALSO LOWER -Target Hospitalitydown 9.6% after equity offeringPrudential Financialdown 0.5% after increasing operating profit impact estimate from suspension of sales activity at POJ