An AP News article
A morning rally for U.S. stocks petered out on Monday as the tech and AI industries remained shaky following their sell-off last week.
The S&P 500 sank 0.5% after erasing a gain that had reached 1.1% early in the day. The Dow Jones Industrial Average rose 213 points, or 0.4%, while the Nasdaq composite fell 1.1%.
The mixed performance for indexes came even though the majority of stocks within the S&P 500 climbed. They benefited from a 7.6% drop for the price of a barrel of Brent crude to $104.77. It’s the latest yo-yo move for oil prices on uncertainty about when the war with Iran will allow the global industry to return to normal.
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