S&P 500 and Nasdaq closed lower on Monday, pulled down by a slide in technology shares. Market participants spent the session digesting the Trump administration's threat of broader secondary sanctions against countries trading with Iran, while also preparing for a pivotal week featuring Nvidia’s upcoming earnings report and key inflation data, according to a Reuters report.
The S&P 500 lost 21.37 points, or 0.28%, to end at 7,653.00 points, while the Nasdaq Composite lost 200.80 points, or 0.77%, to 25,979.66. The Dow Jones Industrial Average rose 141.67 points, or 0.27%, to 53,418.68.
