Business · Markets · 4 hrs ago

US stocks close mixed as technology shares recover

US stocks close mixed as technology shares recover

US stocks closed mixed on Monday, with the Dow down 0.07% while the S&P 500 rose 0.41% and the Nasdaq gained 1.11%.

Technology shares recovered after last week’s sharp sell-off in AI-focused stocks.

Investors had worried that high interest rates could limit AI infrastructure spending.

Chipmakers Micron, AMD and Nvidia rose, while Intel gained after JPMorgan analysts upgraded their view of the company’s shares.

Investors are now watching company earnings due this week, including results from Meta, Tesla and IBM on Wednesday, for signs of how AI investment is affecting big technology firms.

Oil prices and bond yields also remain in focus: Brent stayed above $100 a barrel, WTI rose more than 2%, and the US 10-year Treasury yield stood at 5.14%.

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