Market mixed as oil prices ease, tech stocks sink | Northwest Arkansas Democrat-Gazette

U.S. stocks ended Monday mixed as oil prices eased but declining Big Tech shares weighed on Wall Street. The S&P 500 slipped 0.4%, after posting its 11th winning week in the last 12, and it finished 1.8% below its all-time high reached early this month. The Dow Jones Industrial Average gained 148 points, or 0.3%, while the Nasdaq composite dropped 1.3%. Oil fell after weekend talks between the United States and Iran on the war. Vice President JD Vance said the discussions created a “good foundation for a successful final deal,” which could reopen the Strait of Hormuz for tankers, though Iran’s military claimed it closed the strait again; U.S. Central Command disputed that. Brent fell 3.2% to $77.52 and U.S. crude dropped 2.6% to $73.86 per barrel. Treasury yields rose anyway on speculation the Federal Reserve may raise rates to counter inflation. The 10-year yield increased from 4.46% to 4.50%.