In the US stock market, the Dow rebounded for the first time in 3 sessions and ended up $213, while the Nasdaq fell for a third straight session. Market sentiment improved overall against a backdrop of lower oil prices and falling interest rates. However, AI-related stocks, particularly semiconductor stocks, saw notable declines.
In the US stock market, the Dow Jones Industrial Average rebounded to end at $51,983.98, up $213.67 from the previous session. Its gain on a closing-price basis was 0.41%, marking the first increase in 3 trading sessions.
Meanwhile, the Nasdaq Composite Index ended at 25,164.316, down 272.683 points from the previous Friday, extending its decline for a third straight session. Selling intensified in AI-related stocks, particularly semiconductor stocks.
There were periods when concerns over the situation in the Middle East receded, and US long-term interest rates fell. WTI front-month crude futures were down approximately 7.4% from the previous Friday, with lower oil prices helping improve investor sentiment.
Cisco Systems and Caterpillar, both Dow components, traded lower at times, while Sherwin-Williams, Home Depot and Amazon.com rose relatively strongly. Apple, UnitedHealth Group and Salesforce, by contrast, fell.
Reports said that Marvell Technology had announced an agreement to acquire Lumentum Holdings, sending related stocks sharply lower. AI infrastructure-related stocks such as AMD and SanDisk, meanwhile, posted notable declines.