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US Equity Markets End Higher Despite Renewed US-Iran Tensions

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US equity indexes ended higher on Monday even as President Donald Trump rejected Iran's response to a US proposal to restart peace talks, sending oil prices higher.

* The US and Iran remained far apart on a framework to end their war and reopen the Strait of Hormuz, with Trump calling Tehran's reply to his proposed peace plan "a piece of garbage," Bloomberg reported.

* US existing home sales rose 0.2% to a 4.02 million annual rate in April from 4.01 million in March, below the 4.05 million expected in a Bloomberg survey.

* June West Texas Intermediate crude oil rose $2.74 to settle at $98.16 per barrel, while July Brent crude, the global benchmark, was last seen up $2.94 at $104.23.

* Lumentum Holdings (LITE) shares rose 17%, the top gainer on the S&P 500. The stock will be added to the Nasdaq 100 effective May 18.

* Trade Desk (TTD) shares fell 6.8%, the third-biggest decline on the S&P, after HSBC downgraded the stock to reduce from hold and cut its price target to $20 from $31.

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