US equity indexes ended higher on Friday amid progress in US-Iran peace negotiations, and crude oil prices retreated from intraday highs.
* A Qatari negotiating team arrived in Tehran on Friday in coordination with the US to help secure a deal to end the war, Reuters reported, citing a source with knowledge of the matter. Pakistan's army chief Asim Munir is headed to Tehran to help mediate a settlement, Al Jazeera reported.
* The Conference Board's measure of leading indicators rose 0.1% in April following a 0.6% drop in March.
* The University of Michigan consumer sentiment index was revised down to 44.8 for May from the preliminary reading of 48.2, compared with expectations for no revision in a Bloomberg survey and a drop from 49.8 in April.
* July West Texas Intermediate crude oil fell $0.05 to settle at $96.30 per barrel, while July Brent crude, the global benchmark, was last seen up $0.79 at $103.37.
* Dell Technologies (DELL) shares rose 17%, the top gainer on the S&P 500, after Wells Fargo raised its price target to $270 from $180.
* Take-Two Interactive Software (TTWO) shares fell 4.4%, the steepest decline on the Nasdaq, after the company reported fiscal 2027 guidance below analyst expectations. Multiple investment firms also lowered their price targets on the stock.