Highlights
Major stock indexes were mostly higher Monday with support from bargain-hunting in technology shares that sold off on Friday. The Dow Jones industrial average eased 0.2 percent while the S&P 500 rose 0.3 percent and the Nasdaq was up 0.9 percent. WTI crude oil futures and bond yields and the dollar all rose.
Stocks got a lift from a retreat in oil prices on Monday after an uptick on news that Iran and Israel had attacked each other but oil prices fell back from their highs after President Trump downplayed it and ordered the two sides to stop.
Chipmakers linked to the AI trade, including Micron and Intel, led the day's winners after leading to the downside on Friday. Energy stocks outperformed with rising oil prices. Other winners included trucking, apparel and autos. On the downside, big banks, pharma and software stocks lagged.
Definition
Market Reflections track market reaction to the trading day's major events. Economic data, policymaker speeches, and company news are featured in this report as well as key indexes and financial instruments.
Description
Understanding why markets respond as they do is fundamental for an investor. Market Reflections help explain how the day's events, news, and data impact the outlook for the economy and for market prices.