US Equity Markets End Lower as Treasury Yields Rise After Trump Rejects Iran's Peace Proposal

MT Newswires Live04:23

US equity indexes were lower Monday as Treasury yields rose after President Donald Trump rejected Iran's settlement proposal.

* Iranian officials have expressed doubts about closing a deal with the US to end the conflict and reopen the Strait of Hormuz before the November US midterm elections, Bloomberg reported Monday, citing people with knowledge of the matter.

* Trump said on Sunday after rejecting Iran's proposal that he expects US negotiators to engage in more talks with Iran this week, Axios reported, citing a conversation with the president.

* The Dallas Fed's monthly manufacturing index declined to 9.8 in September from 11.6 in the month prior, compared with Bloomberg-survey expectations for a larger decrease to 7.8. The print for the company outlook fell to 8.7 from 19.2 in August.

* November West Texas Intermediate crude oil rose $0.62 to settle at $93.01 per barrel, while November Brent crude, the global benchmark, was last seen up $1.48 at $105.80.

* Paramount Skydance's (PSKY) plan to raise over $44 billion from dollar and euro bond sales to fund its acquisition of Warner Bros. Discovery (WBD) has been set in motion as Bank of America and Citigroup started holding calls to gauge investor interest, Bloomberg reported. Paramount shares rose about 3.2%, the second-best performer on the S&P 500.

* Boeing's (BA) 737 Max 10 jet will see its certification delayed while the US Federal Aviation Administration studies a software issue that could increase pilot workload during landing, multiple outlets reported Monday, citing FAA Administrator Bryan Bedford. Shares fell about 6.9%, the worst performer on the Dow.

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