Brief
U.S. stocks hover near record highs as mixed trading marks start of week
The major indexes stayed close to all‑time highs on Monday, with tech and energy stocks driving divergent performance.
By Felo News Desk · Published
Wall Street opened a busy week on Monday with the major U.S. stock indexes trading near their record levels, the Los Angeles Times reported.
What happened
The S&P 500 slipped 0.1% after fluctuating between small gains and losses, while the Dow Jones Industrial Average rose 0.4% and the Nasdaq composite fell 0.4%. About 64% of S&P 500 constituents posted gains, led by communication‑services firms such as Meta Platforms (+3.4%), T‑Mobile (+2.2%), AT&T (+1.4%) and Verizon (+2.7%). Energy stocks also posted solid gains, with Chevron up 1.4% as Brent crude rose 1.8% to $106.65 a barrel.
What the reports add
The article notes that big‑tech names pulled the market lower: Micron Technology fell 3.9%, Advanced Micro Devices dropped 2.3%, Broadcom slid 1.9% and Nvidia gave up 1.3%. It links the volatility to ongoing AI‑driven market enthusiasm and to swings in oil prices, which affect bond yields and inflation expectations.
What was said
Magdalena Ocampo, a market strategist at Principal Asset Management, wrote in a research note, “AI continues to support growth, reinforcing the outlook for tech and critical suppliers across the supply chain. Yet uncertainty about AI’s long‑term impact persists, making future gains more reliant on earnings delivery rather than potential.”
How it came about
The S&P 500 had set a fresh record high the previous Tuesday and is up 14% year‑to‑date. The market’s direction this week is expected to be shaped by fresh data on housing, inflation and retail sales, as well as corporate earnings that will test whether AI‑fueled gains can be sustained.
Key facts
- The S&P 500 slipped 0.1% on Monday while the Dow rose 0.4% and the Nasdaq fell 0.4% (latimes.com)
- Meta Platforms gained 3.4% and Chevron rose 1.4% as Brent crude settled at $106.65 per barrel (latimes.com)
- Big‑tech stocks Micron, AMD, Broadcom and Nvidia all fell, pulling the market lower (latimes.com)
- Magdalena Ocampo of Principal Asset Management said AI supports growth but its long‑term impact remains uncertain (latimes.com)
Sources
- [1] latimes.com — originally reported as “U. S. stocks hover near their latest record in mixed trading on Wall Street”
