The Nasdaq and S&P 500 closed lower, with declines in Intel and other chipmakers, as investors became less confident about a deal to reopen the Strait of Hormuz. The S&P 500 notched a record-high close on Friday, helped by much stronger-than-expected earnings results. The S&P 500 declined 0.06 per cent to end the session at 7,753.12 points. The Nasdaq declined 0.32 per cent to 26,605.36 points, while the Dow Jones Industrial Average declined 0.11 per cent to 53,976.04 points. About 85 per cent of the 436 companies in the S&P 500 that have reported earnings so far this period have beaten estimates, according to LSEG data.