Cautious trading left the main U.S. indexes lower, even as chip stocks rebounded from last week’s selloff and oil retreated after briefly rising above $90 a barrel.
U.S. stocks finished slightly lower in cautious Monday trading, with the Dow Jones Industrial Average falling 307.16 points, or 0.59%, to 51,839.26. The S&P 500 lost 14.41 points, or 0.19%, to 7,443.28, while the Nasdaq Composite edged down 12.17 points, or 0.05%, to 25,508.07. Chip shares bounced back after last week’s selloff, and investors largely shrugged off a new Chinese AI model. Oil prices also pulled back after briefly topping $90 a barrel following fresh U.S.-Iran clashes. On the NYSE, preliminary data showed 1,011 advancing issues and 1,718 declining issues.