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