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The Economic Times
The Economic Times
Business

US stocks muted as tech weakness offsets energy gains; earnings in focus

S&P 500 Nasdaq Salesforce Stock Market United States Oil Cleveland Fed Inflation Nasdaq Composite US Treasury

The S&P 500 and Nasdaq hovered near the flatline on Monday as weakness in technology stocks offset gains in energy and communication services. Investors remained cautious as oil prices reached two-week highs ahead of major bank earnings and inflation data that could influence the Federal Reserve’s interest-rate outlook, Reuters reported.

The Dow Jones Industrial Average rose 107.03 points, or 0.21%, to 51,761.98. The S&P 500 gained 6.14 points, or 0.08%, to 7,817.68, while the Nasdaq Composite slipped 10.23 points, or 0.04%, to 27,355.94.

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