US Stocks Mixed as Tech Slips and Dow Gains
US stock indexes were mixed on Monday as rising oil prices pressured the tech sector and chip stocks. Meanwhile, gains in Microsoft and Salesforce helped push the Dow higher ahead of upcoming bank earnings.
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United States stock indexes diverged on Monday afternoon as surging energy costs weighed on technology heavyweights while gains in blue-chip components supported the Dow. Brent Crude Oil climbed past $106 a barrel following strikes in Saudi Arabia, fueling inflation concerns ahead of major central bank data. The energy spike tested equity resilience as investors weighed upcoming third-quarter corporate earnings and monetary policy paths.
