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Barchart
Rich Asplund

Stocks Settle Lower as Crude Prices Jump and Chipmakers Fall

The S&P 500 Index ($SPX) (SPY) closed down by -0.06% on Monday, the Dow Jones Industrial Average ($DOWI) (DIA) closed up by +0.38%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.71%. December E-mini S&P futures (ESZ26) fell -0.04%, and December E-mini Nasdaq futures (NQZ26) fell -0.72%.

Stock indexes settled mixed on Monday, with the Dow Jones Industrials posting a 2.5-week high. The broader market was under pressure Monday from higher crude oil prices, with WTI crude closing up more than +2% on concerns about escalating tensions in the Middle East after repeated Houthi attacks on Saudi Arabia from neighboring Yemen. Weakness in chipmakers and AI-infrastructure stocks also weighed on the overall market on Monday.

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