Wall Street closed sharply lower on Friday, pulled down by tech and discretionary stocks as an AI-driven chip selloff intensified, prompting risk-off sentiment amid geopolitical tensions. On Monday, US stocks ended the session lower, with the S&P 500 slipping 0.19% to 7,443.40, the Dow decreasing 0.59%, and the Nasdaq edging down 0.05%. Fresh U.S. airstrikes on Iran keep geopolitical risks in focus, as investors look ahead to earnings from Tesla, Alphabet, Intel and other companies.
→ Earnings from Tesla, Alphabet, Intel and other companies this week amid ongoing geopolitical uncertainty.
→ Mixed macroeconomic indicators including higher Treasury yields and rising Brent crude prices.
→ Crude oil movements after falling 0.34% to $82.21, as traders weigh escalating Middle East tensions against diplomatic efforts.