U.S. stocks were largely flat on Monday, with the S&P 500 index edging up 0.05% to hold onto the all-time high it reached last Friday; the Dow fell 0.13%, and the Nasdaq dropped 0.19%. Oil prices rose amid setbacks in negotiations to reopen the Strait of Hormuz.
On Monday, the S&P 500 index edged up 0.05%, maintaining its record high set on Friday, while the Dow Jones Industrial Average fell 0.13% and the Nasdaq Composite index declined 0.19%. Market movements were minimal, with all three indexes fluctuating less than 0.4%. Brent crude oil climbed past $86 per barrel, driving the United States Oil Fund (USO) up 5.3%, as reports indicated that progress on reopening the Strait of Hormuz stalled after Iran raised new demands and Houthi forces attacked a Red Sea port. Among individual stocks, Microsoft rose 2.1%, Amazon added 2%, and Meta Platforms gained 1.3%. Conversely, 英伟达 fell 2%, losing approximately $104 billion in market value amid reports of potential cuts to high-bandwidth memory chips in future AI accelerator designs. Apple also declined 2% due to component cost concerns. Investors are now looking ahead to Wednesday's Consumer Price Index
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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