Business SummaryBrief at 2:34 a.m. EST

Asian shares were mixed while U.S. futures edged higher after Wall Street’s worst session since June on Friday, when investors dumped technology and AI-related stocks. The S&P 500 fell 1.8%, the Nasdaq Composite dropped 2.9%, and the Dow Jones Industrial Average slid 1.1%. Oil prices retreated sharply amid renewed hopes for progress in U.S.-Iran diplomacy. In Canada, Prime Minister Mark Carney said he had a constructive conversation with President Donald Trump about a potential trade deal, and Trump described a “concept” of a very good agreement, with negotiators aiming to work toward terms in coming weeks. Meanwhile, the UAE said military options offer no quick exit in the U.S.-Iran confrontation, as Iranian negotiators discussed reopening the Strait of Hormuz via Qatar.