In brief
Monday’s Wall Street session finished with a mixed picture: the Dow rose 0.41%, the S&P 500 fell 0.51% and the Nasdaq slid 1.07%. The decline in oil prices lifted industrial and non‑energy stocks, but tech shares pulled back sharply, leading to a net loss overall.
Wall Street finished mixed on Monday, with the Dow Jones Industrial Average up 0.41% to 51,983.98, while the S&P 500 fell 0.51% to 7,541.40 and the Nasdaq Composite dropped 1.07% to 25,164.32. The sharp decline in oil prices and the pullback in tech stocks were the main drivers of the day’s mix.
Oil futures fell more than 7% on the day, with Brent settling at $104.77 a barrel and U.S. West Texas Intermediate at $96.46. The price drop was tied to reports that the United States and Iran are exploring diplomatic channels to ease tensions.
Tech shares were the strongest laggards, falling 2.66%, while energy stocks slipped 3.97%. Semiconductor makers faced continued selling pressure, and shares of Apple fell 1.83% ahead of its fiscal fourth‑quarter earnings release.
Industrial and non‑energy sectors swung the other way. Consumer discretionary stocks gained 2.25%, and materials rose 1.83%. Companies such as Sherwin‑Williams, Home Depot, Honeywell, 3M and Boeing all posted gains of more than 2%.
U.S. manufacturing activity remained expanding in October, though at a slightly slower pace. The S&P Global U.S. Manufacturing Purchasing Managers' Index was revised to 54.9, still above the 50 expansion threshold for a 15th straight month.
Investor attention stayed on the artificial‑intelligence landscape, following the release of Anthropic’s amended S‑1 registration that disclosed its third‑quarter results. The day reflected the tension between a resilient manufacturing backdrop, a weak tech sector, and falling commodity prices.
