Highlights
Major stock indexes were mostly lower Monday on AI and tech stock losses while most stocks rose with lower bond yields. The Dow Jones industrial average firmed 0.4 percent, the S&P 500 fell 0.5 percent and the Nasdaq lost 1.1 percent. Bond yields were mostly lower with a drop in oil prices while the dollar index edged up.
Oil prices dropped on new reports of possible peace talks involving the US and Iran, which drove down energy stocks. Other weak sectors included pharma, telecom, real estate and utilities. On the positive side Monday: airlines were better on lower oil prices long with banks, homebuilders, building products, apparel retailers and restaurant chains.
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