Yahoo Finance
US stocks mostly drifted higher on Monday as pressure on the tech sector eased and oil prices rose slightly.
The tech-heavy Nasdaq Composite (^IXIC) jumped 1.1%, while the S&P 500 (^GSPC) put on 0.6%.
The Dow Jones Industrial Average (^DJI) dipped below the flat line on the heels of arecord-setting, holiday-shortened week for the blue-chip benchmark.
Tech stocks are helping to drive gains, hinting at a return of faith in the artificial intelligence trade after the late-June slump in chip stocks.
On Sunday, Nvidia (NVDA) supplier Hon Hai (2317.TW,HNHAF), also known as Foxconn, reported a stronger-than-expectedrise in quarterly sales,a sign of sustained AI demand.
That has put the spotlight on quarterly results from Samsung Electronics (005930.KS,SSNLF), due on Tuesday.
The world's biggest maker of memory chips isexpected to post an 18-fold jumpin profit year-on-year, far outstripping its total for all of 2025.
Meanwhile,oil prices were little changedafter the OPEC+ group of major producers agreed to raise output targets, and flows revived through the reopened Strait of Hormuz.
That eased worries over knock-on inflationary pressures.
On the macro front, investors watched Monday's batch of US services data, which showed little change, after adisappointing June jobs reportreset expectations for interest rates.
That sets the stage for the release of minutes from the Federal Reserve's first meeting with Kevin Warsh at the head, due on Wednesday..
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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