US Equity Markets Mixed as Nasdaq, S&P 500 Hit Record Highs Amid US-Iran Negotiation Deadlock
US equity indexes were mixed on Monday as the Nasdaq Composite and S&P 500 hit record highs amid deadlock in US-Iran peace negotiations.* Iran has offered a proposal to reopen the Strait of Hormuz and end the war, Axios reported, citing a US official and two people with knowledge of the matter.* The Dallas Fed's monthly manufacturing index fell to minus 2.3 in April from minus 0.2 in March, compared with expectations for a 0.8 print.* May West Texas Intermediate crude oil rose $2.11 to settle at $96.51 per barrel, while June Brent crude, the global benchmark, was last seen up $2.90 at $108.23.* Sandisk (SNDK) is expected to post another "strong" quarter and full-year outlook, benefiting from pricing momentum for NAND memory systems, Morgan Stanley said in a note Monday. Sandisk shares were up about 7.9%, the top gainer on the S&P 500 and Nasdaq.* Domino's Pizza (DPZ) shares were down nearly 9%, the worst performer on the S&P 500, after the company reported weaker-than-expected Q1 results.