Stocks mixed and oil chops to reports around Hormuz deal - Newsquawk US Market Wrap

Gulf official tells CNN “50:50” chance US and Iran could reach deal by Friday; US reportedly nears a Hormuz deal; Houthis hit Saudi oil tanker in the Red Sea; US ISM PMI Services misses on headline; US ADP eases more than anticipated in July; Fed's Schmid says current policy is not restrictive; EIA commercial crude stocks build, SPR draws; NZ u/e rate unexpectedly ticks higher; GOOGL DeepMind CEO stepping down w/ veterans departing.

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