James Gruber
๐ค SpeakerAppearances Over Time
Podcast Appearances
Monday's session, the Dow Jones index closed down 0.1%, the S&P 500 rose 0.1%, and the Nasdaq was 0.2% higher.
If we take a closer look at what's happened there, US markets were mixed on Monday as investors took a breath at the start of an eventful week with earnings, economic data, the US Federal Reserve's rate decision, and the ebb and flow of Middle East tensions all crowding the docket.
Alphabet, Microsoft, Amazon and Meta platforms are set to report quarterly earnings on Wednesday, followed by Apple a day later.
Of the 11 major sectors in the S&P 500, communication services enjoyed the largest percentage gain on Monday, while consumer staples were down the most.
Verizon advanced 1.6% after the telecom company raised its annual forecast after reporting stronger-than-expected subscriber ads.
Domino's Pizza slid 9.3% after the pizza chain reported first quarter sales estimates.
Nvidia jumped almost 4%, extending the prior session's 4.3% surge.
The company has reclaimed a market capitalization of more than $5 trillion.
Other chipmakers also surged, including Micron and SanDisk.
Moving to U.S.
Treasury yields, they edged higher on little progress with peace talks.
The U.S.
10-year Treasury yield was up 2 points to 4.33%, while the U.S.
2-year Treasury yield was 2 points higher to 3.80%.
To the European markets, the continent-wide FTSE Euro First 300 index ended 0.3% lower and the UK FTSE 100 lost 0.6%.
Europe started the week on a subdued note as investors braced for a packed schedule of central bank meetings and worries over stalled US-Iran peace talks pushed up crude prices, curbing risk appetite.
With technology-led moves aiding US stocks to all-time highs, energy-dependent Europe has lagged.
with several companies flagging the impact of the Iran war on earnings.
Technology and consumer staple shares were the biggest drags, down 1.3% and 0.5% respectively.
Britain's Intertech dropped 2.2% after the product testing firm rejected a revised takeover bid of ยฃ54 per share from Swedish private equity group EQT on Friday.