Business · Economy · 2 hrs ago
US stocks trade mixed as oil prices rise
US stocks had mixed movements on Monday, with the S&P 500 near its recent record and the Dow slightly higher.
The Nasdaq edged lower, as gains in energy shares were offset by declines in technology shares.
Brent crude rose 2.1% to $106.95 a barrel, amid uncertainty over the US war with Iran and its effects on energy supplies and inflation.
Higher energy costs were a key concern for markets during a week with new data due on housing, inflation and retail sales.
Investors were also waiting for results from major banks including Citigroup, JPMorgan Chase and Wells Fargo.
The headline refers to two American Nobel economics laureates, but the text does not give their names or details and instead discusses financial markets.
US stocks traded mixed on Monday, with major indexes staying near record levels as oil prices rose.
The Dow Jones Industrial Average gained 91 points, or 0.2%, while the Nasdaq Composite fell 0.1%.
The S&P 500 was little changed, trading near its record set the previous week.
Energy shares rose, while technology stocks weighed on the market.
Brent crude rose 2.1% to $106.95 a barrel amid uncertainty over the US war with Iran and its effects on energy supplies and inflation.
- Who
- US stock-market investors and companies.
- What
- US stocks traded mixed as oil prices rose.
- When
- Monday, October 12, 2026.
- Where
- US markets; the article also reports moves in European and Asian markets.
- Why
- Energy shares gained as oil prices rose, while technology shares fell. Markets were also focused on energy costs and upcoming economic data and company results.
This story does not have two clearly opposing sides.
President Donald Trump said on social media that he had reached an agreement with Russian President Vladimir Putin to buy Russian diesel.
US stocks traded mixed, with the Dow rising and the Nasdaq falling as Brent crude prices increased.
Wall Street awaited economic data on housing, inflation and retail sales, as well as results from major banks.
- Dow Jones
- Rose 91 points, or 0.2%, by 9:58 a.m. Eastern time
- Nasdaq Composite
- Fell 0.1%
- Brent crude
- Rose 2.1% to $106.95 a barrel
- Exxon Mobil
- Rose 1.8%
- Chevron
- Rose 1.9%
- Micron Technology
- Fell 4.2%
Sources
Related news
Robert Hall and Michael Woodford win 2026 economics prize
Robert Hall and Michael Woodford win 2026 economics Nobel
IMF and World Bank leaders urge support for young workers facing AI disruption
Robert Hall and Michael Woodford win 2026 Nobel economics prize
Asian shares fall as chip stocks slide ahead of US earnings and inflation data
Oil edges lower as Russian diesel prospects offset Gulf supply risks
Oil prices rise about 2%, with Brent settling at $106.65 a barrel
Paris Motor Show opens with more than 20 Chinese automakers
Gold Holds Its Decline as Middle East Conflict Fuels Inflation Fears
SWI Group raises €800 million to expand AI infrastructure
Oil prices rise as attacks in Saudi Arabia raise supply concerns
