04:10 PM EDT, 04/08/2024 (MT Newswires) -- US equity markets ended mixed Monday after a New York Federal Reserve report showed a mixed consumer inflation outlook.

* The New York Federal Reserve's monthly inflation expectations report showed no change in the one-year horizon, with survey respondents looking for a 3% increase for the fourth straight month. Expectations were revised up for the three-year horizon to 2.9% from 2.7% in February but were revised lower to 2.6% from 2.9% for the five-year horizon.

* The probability that the Federal Open Market Committee will begin easing policy in June stood at 51%, in line with the close on Friday, according to the CME Group's FedWatch tool. The likelihood of the rates being left unchanged was 48%, up from 47%, reflecting the divide between doves and hawks made worse by the nonfarm payrolls last week on Friday.

* May West Texas Intermediate crude oil closed down $0.25 to $86.66 per barrel, while June Brent crude, the global benchmark, was last seen down $0.53 to $90.64 after Israel reduced troop presence in Gaza.

* Taiwan Semiconductor Manufacturing ( TSM ) shares were up 1% after the firm said it would get up to $6.6 billion subsidy from the US Commerce Department to expand the facilities for advanced semiconductor production at its plants in Phoenix, Arizona.

* Perion Network ( PERI ) shares dropped nearly 41% after the company lowered its 2024 guidance for revenue and adjusted EBITDA due to a decline in search advertising activity in Q1.