The Nasdaq Composite reached a new all-time intraday peak Tuesday and was on track for a second consecutive record close as lower oil prices supported technology stocks. The S&P 500 was little changed, while the Dow Jones Industrial Average fell about 260 points, or 0.5%. Brent crude futures slipped below $100 a barrel, down roughly 0.5%, after reports of possible improvements in Middle East supply. Tests are underway on Saudi Arabia's East-West pipeline, with flows potentially resuming as soon as this week. Kyodo News Agency, as reported by The Wall Street Journal, said Iran offered to restore access through the Strait of Hormuz if the U.S. ended its blockade; CNBC said the reports had not been independently verified. SanDisk shares rose 4% after a Rosenblatt call, according to CNBC. The 10-year Treasury yield edged up to around 4.97% to 4.98%. Markets were also assessing President Donald Trump's comments at the United Nations General Assembly about a possible negotiated settlement with Iran, his expectation that a deal could emerge after the midterm elections, and the possibility of a meeting with Iranian President Masoud Pezeshkian. Attention is also focused on a planned Washington summit between Trump and Chinese leader Xi Jinping, with artificial intelligence, trade tariffs, the Iran conflict and rare earth metals expected on the agenda. Treasury Secretary Scott Bessent held talks with Chinese Vice Premier He Lifeng before Xi arrived in the United States.