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US Equity Indexes Rise Amid Tech Gains; Crude Oil Pares Gains on Hopes of Iran Peace Deal

-- US equity indexes were up ahead of Monday's close amid gains in financials and technology.

Crude oil futures gave up almost all intraday gains after President Donald Trump's reported comments that he may secure a peace deal after negotiations in Islamabad, Pakistan, failed to yield a resolution of the war in the Middle East.

The Nasdaq Composite rose 1.1% to 23,158.6, the S&P 500 climbed 0.9% to 6,876.7, and the Dow Jones Industrial Average advanced 0.5% ti 48,153.5.

Defensive sectors -- consumer staples and utilities -- led the decliners. The financial services sector was the top gainer, ahead of quarterly earnings from mega-cap banks due this week.

Stocks clawed back intraday declines after President Trump said that "we've been called by the other side."

"They'd like to make a deal very badly," Trump added.

West Texas Intermediate crude oil futures rose 1.4% to $97.87, and Brent crude futures climbed 3.3% to $98.31, after surging more than 7.5% earlier in the session.

Meanwhile, Goldman Sachs (GS), which reported higher Q1 earnings and net revenue pre-bell, is launching a new three-tranche offering in the US investment-grade debt market, with bond maturities spanning four to eight years, Bloomberg said Monday, citing a person with direct knowledge of the matter.

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