S&P 500 falls, $420 billion wiped out as Iran skips US talks, ceasefire fears rise

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S&P 500 fell sharply after Iran refused US talks, increasing global tension fears. Investors are worried the ceasefire may end without a deal. Oil prices are rising again due to supply concerns. Markets are reacting to uncertainty and risk. Experts say long-term outlook may stay positive, but short-term moves depend on news about US Iran talks and conflict situation.