U.S. stocks swung on Monday as oil prices eased after U.S.-Iran negotiations and falling Big Tech shares pulled the S&P 500 and Nasdaq lower, while the Dow and Russell 2000 managed gains.
For a day that started after a three-day weekend, Wall Street didn’t deliver a clear direction—just a familiar tug-of-war between cooling energy prices and a tech-led drag.
U.S. stocks drifted through a mixed session as oil prices fell roughly 3% following negotiations between the United States and Iran on ending their war. But losses among major technology companies, including Alphabet and Amazon, weighed on the market. Treasury yields also rose in the bond market, adding more pressure on stock prices.
The S&P 500 slid 0.4% on Monday, dropping 27.79 points to 7,472.79. The index, already a headliner for gains earlier this month, has now pulled 1.8% below its all-time high set early this month.
The Dow Jones Industrial Average moved the other way, rising 0.3%—up 148.01 points to 51,712.71. The Nasdaq composite, more exposed to tech and interest-rate sensitivity, fell 1.3%, losing 351.33 points to 26,166.60. Smaller-company stocks also found some support: the Russell 2000 rose 0.8%, gaining 24.64 points to 3,004.40.
That mix—energy easing on the back of U.S.-Iran talks while Big Tech and higher bond yields push back elsewhere—helped shape a market that couldn’t commit to a single trend. The day’s direction was written in the differences: strength in the Dow and Russell 2000 against weakness in the S&P 500 and Nasdaq.
Looking at the bigger picture, the year is still firmly on the market’s side. The S&P 500 is up 627.29 points, or 9.2%. The Dow has gained 3,649.42 points, or 7.6%. The Nasdaq composite is up 2,924.61 points, or 12.6%. And the Russell 2000 leads with a larger jump of 522.50 points, or 21.1%.
Monday’s close left investors with a clear message: even as the market remains higher for the year, what happens next may hinge on whether falling oil prices and global diplomacy can offset the pull of weaker Big Tech and rising Treasury yields.
S&P 500 Dow Jones Nasdaq Russell 2000 oil prices Big Tech Alphabet Amazon Treasury yields U.S.-Iran negotiations stock market
Oil down 3% like that automatically fixes everything? Sure.
So the Iran deal made oil drop and then tech stocks also tanked… can someone explain how that even works lol. Feels like Big Tech is always the problem.
I don’t get it, if yields rose shouldn’t the Dow fall too? Like why did Dow go up while Nasdaq got smacked. Probably just trading vibes or something. Also 7,472.79 sounds made up.
Every time I see “Big Tech slips” I assume it’s because of Biden’s policies or TikTok or something, I don’t even care. Then they mention Alphabet and Amazon like we all don’t already know they’re huge. Meanwhile oil going down makes it sound like the negotiations are actually working, but the market still can’t decide… classic.