Wall Street finished mixed on Monday, with the Dow Jones Industrial Average gaining one hundred ninety-five point six zero points, or zero point three eight percent, to fifty-one thousand eight hundred fifty point five five, while the Standard and Poor’s five hundred fell four point three zero points, or zero point zero six percent, to seven thousand eight hundred seven point two four. The Nasdaq Composite declined one hundred twenty point two seven points, or zero point four four percent, to twenty-seven thousand two hundred forty-five point nine zero, according to Reuters.
Higher oil prices, geopolitical tensions, and weakness in semiconductor shares pressured technology stocks, while expectations for major bank earnings kept investors cautious. West Texas Intermediate crude settled two point zero six percent higher at ninety-three dollars and seventy-four cents per barrel, and Brent crude rose one point eight four percent to one hundred six dollars and sixty-five cents, according to Anadolu Agency.
Energy was the strongest sector, rising about one point five percent, followed by consumer staples, which gained more than one percent. Technology fell about zero point nine percent, and consumer discretionary declined about zero point seven percent. Meta Platforms rose more than three percent, Salesforce gained about two percent after a positive analyst upgrade, and Micron Technology fell about three point nine percent amid concerns about rising competition in memory chips. The available reports do not provide a complete ranking of the most actively traded stocks or the biggest percentage gainers and losers.
Before Tuesday’s opening, futures were mixed. Nasdaq one hundred futures were down about zero point eight one percent, Standard and Poor’s five hundred futures fell about zero point two three percent, while Dow Jones futures rose about zero point two three percent, according to Yahoo Finance.
Listeners will be watching earnings from JPMorgan Chase, Goldman Sachs, Wells Fargo, Citigroup, UnitedHealth Group, and Johnson and Johnson. Investors will also monitor small business optimism, existing home sales, and the Treasury balance. The week’s larger catalysts include consumer inflation on Wednesday, producer inflation on Thursday, retail sales, and additional bank earnings. Thank you for tuning in, and please subscribe. This has been a quiet please production, for more check out quiet please dot ai.
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