<div id="readability-page-1">04:15 PM EDT, 05/11/2026 (MT Newswires) -- 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 &#34;a piece of garbage,&#34; 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&amp;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&amp;P, after HSBC downgraded the stock to reduce from hold and cut its price target to $20 from $31. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</div>

LITE

US equity markets closed higher despite escalating tensions between the US and Iran, with President Trump dismissing Iran's response to peace talks. Oil prices surged, with West Texas Intermediate crude rising to $98.16 per barrel. Existing home sales increased by 0.2% in April, falling short of expectations. Lumentum Holdings saw a 17% rise in shares, while Trade Desk shares dropped 6.8% following a downgrade by HSBC.

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US Equity Markets End Higher Despite Renewed US-Iran Tensions