US stocks closed mixed on Monday, with the S&P 500 ending 0.2% lower at 7,443.28 and the Dow Jones Industrial Average falling 0.6% to 51,839.26, while the Nasdaq 100 remained flat at 28,604.23. The declines came as oil prices surged, with US crude futures advancing 0.9% to $83.23 per barrel and Brent gaining 1.3% to $89.22, driven by escalating US-Iran tensions following a Truth Social post by President Donald Trump warning Iran would pay for the deaths of three US service members. Chipmaker stocks rebounded during the session, with the VanEck Semiconductor ETF jumping 0.3% aided by gains in Nvidia, Advanced Micro Devices, and Broadcom shares.
S&P 500 Closes at 7,443.28 as Dow Falls 0.6%
The S&P 500 ended Monday 0.2% lower at 7,443.28, while the Nasdaq 100 closed flat at 28,604.23 and the Dow Jones Industrial Average fell 0.6% to 51,839.26. The Russell 2000, which tracks small-cap stocks, eased 0.5%. Among ETFs tracking benchmark indexes, the SPDR S&P 500 ETF fell 0.2% and Invesco QQQ Trust ended 0.1% higher, while the SPDR Dow Jones Industrial Average ETF Trust dropped 0.5%. The VanEck Semiconductor ETF jumped 0.3%, aided by strength in Nvidia, Advanced Micro Devices, Micron Technology and Broadcom shares, while the Vanguard Information Technology ETF gained about 0.1%.
US Crude Rises to $83.23 Amid Trump Iran Warning
Following a Truth Social post by President Donald Trump warning that Iran would pay "many times over!" for the deaths of three US service members, oil prices extended their upward momentum. US crude futures advanced 0.9% to settle at $83.23 per barrel, while the international benchmark Brent gained around 1.3% to finish at $89.22. A maritime embargo against Saudi Arabia was declared by the Houthis in Yemen. Veteran strategist Louis Navellier told Bloomberg that "the Iran situation continues to roil markets" and is "holding back the stock gains that should be expected given the strong earnings trends."
Google Develops Server Chip for Gemini AI Model
Alphabet Inc.'s Google is developing a server chip designed to optimize its Gemini artificial-intelligence model, the Information reported. Investor attention will now move to tech earnings with Tesla Inc. and Alphabet Inc. set to kick off big tech's reporting season from Wednesday.
Judge Temporarily Blocks Paramount-WBD $110 Billion Acquisition
A federal judge has temporarily blocked Paramount Skydance Corp.'s proposed $110-billion acquisition of Warner Bros. Discovery Inc.
Morgan Stanley Names Nvidia and Broadcom Top AI Picks
Morgan Stanley said the recent sell-off in semiconductor stocks has created an attractive opportunity for investors, naming Nvidia Corp. and Broadcom Inc. as its top picks in AI compute. Chipmakers and wider tech stocks saw a pullback in recent weeks, and investors would now be keen on the sector's earnings to judge the results on massive AI spending.
AMD Announces Expanded Microsoft Partnership for Helios AI Platform
Advanced Micro Devices announced an expanded strategic partnership with Microsoft Corp., under which the tech giant will deploy AMD's next-generation Helios rack AI system platform on Azure to power frontier AI model inference. Iren raised its 2026 AI Cloud annualized run-rate revenue target on the back of new multi-year cloud services contracts.
FAQ
What caused the S&P 500 to fall on Monday?
The S&P 500 ended 0.2% lower on Monday due to concerns over soaring oil prices driven by escalating US-Iran tensions following President Donald Trump's warning on Truth Social about Iran paying for the deaths of three US service members.
Which chipmaker stocks did Morgan Stanley name as top AI picks?
Morgan Stanley named Nvidia Corp. and Broadcom Inc. as its top picks in AI compute, stating that the recent sell-off in semiconductor stocks has created an attractive opportunity for investors.
What new partnership did AMD announce with Microsoft?
Advanced Micro Devices announced an expanded strategic partnership with Microsoft Corp., under which Microsoft will deploy AMD's next-generation Helios rack AI system platform on Azure to power frontier AI model inference.
