LIVE MARKETS-S&P 500, Nasdaq eke out record closing highs along with tech, semis

Meta Platforms
Alphabet Inc. Class A
Amazon.com, Inc.
McDonald's Corporation
Dow Jones Industrial Average

Meta Platforms

META

0.00

Alphabet Inc. Class A

GOOGL

0.00

Amazon.com, Inc.

AMZN

0.00

McDonald's Corporation

MCD

0.00

Dow Jones Industrial Average

DJI

0.00

Main US indexes end modestly positive

Energy leads S&P 500 sector gainers; Comm Svcs weakest group

Dollar, gold up slightly; bitcoin gains >1%; US crude rallies >2%

US 10-year Treasury yield rises to ~4.41%

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

S&P 500, NASDAQ EKE OUT RECORD CLOSING HIGHS ALONG WITH TECH, SEMIS

All three major U.S. stock indexes ended slightly higher on Monday, with the S&P 500 .SPX and Nasdaq .IXIC registering record closing highs along with the S&P 500 technology index .SPLRCT and an index of semiconductors .SOX.

Still, energy .SPNY led S&P 500 sector gainers on the day, rising more than 2% as oil prices jumped and hopes of a peace deal between the United States and Iran faded.

U.S. President Donald Trump said that a ceasefire with Iran was "on life support" after he rejected Tehran's response to a U.S. peace proposal. That fanned concerns about a resumption of hostilities in the 10-week-old conflict that has stopped energy flows.

Hopes of a peace deal have helped the market to rally recently.

The U.S.-Israel war with Iran has also disrupted global supply chains and sent prices of fertilizer raw materials such as sulfur and ammonia up.

Shares of fertilizer ingredient producer Mosaic MOS.N fell on Monday after the company withdrew its forecast for annual phosphate production and said it would curtail output at some facilities due to higher costs. Its shares were down 1.8%.

With results in from roughly 90% of S&P 500 companies, year-over-year profit growth for the quarter is estimated at 28.6%, according to data Friday from Tajinder Dhillon, head of earnings research at LSEG.

Here is the closing market snapshot:

(Caroline Valetkevitch)

*****

EARLIER ON LIVE MARKETS:

Q1 US EARNINGS SEASON ON PACE TO BE BEST SINCE 2021, BUT CONSUMER OUTLOOK WEAK CLICK HERE

IS AI FUELING A TECH BUBBLE OR JUST A FAMILIAR CYCLE? CLICK HERE

HOME SALES, WEIGHED BY HIGH BORROWING COSTS, SLIDE SIDEWAYS CLICK HERE

WALL STREET STOCKS MIXED AS IRAN WORRIES PERSIST CLICK HERE

NASDAQ 100'S AI GLOW MASKS A HIGHER BAR CLICK HERE

ENERGY'S BIG LEAD COMES WITH A BIG WARNING CLICK HERE

SELL ANY BEAR MARKET RALLY IN LUXURY NAMES - BERENBERG CLICK HERE

ECB HIKING PATH IN A CREDIBLE ESCALATION SCENARIO CLICK HERE

TIME TO INVEST IN DEFENCE? CLICK HERE

IRAN WAR IMPASSE CONTINUES, EUROPEAN STOCKS MIXED CLICK HERE

EUROPE BEFORE THE BELL: PEACE TALKS SUFFER ANOTHER HICCUP CLICK HERE

PEACE PROGRESS STALLS, AI RALLY DOES NOT CLICK HERE