Dow Jones Gains While Tech Sell-Off Pushes Nasdaq Lower in Mixed Session

U.S. stock markets closed with a divergent performance on Monday, as the Dow Jones Industrial Average posted a solid gain while a sell-off in technology shares dragged the Nasdaq Composite into negative territory. The benchmark S&P 500 index finished the session nearly unchanged.

Closing Bell

Monday's session highlighted a clear split in market sentiment, with blue-chip stocks outperforming the tech-heavy Nasdaq. The final tallies for the major indices reflected this division:

• The Dow Jones Industrial Average (DJIA) rose 0.51%.
• The S&P 500 ended the day nearly flat, adding just 0.02%.
• The Nasdaq Composite declined by 0.18%.

Sector Divergence and Key Movers

The mixed close was driven by a rotation among sectors. Gains in Consumer Services, Consumer Goods, and Telecoms helped lift the Dow, while significant losses in the Technology and Oil & Gas sectors weighed on the broader market.

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Among the Dow's top performers were Salesforce Inc. (CRM), which climbed 6.04%, and 3M Company (MMM), which added 3.24%. Conversely, weakness in semiconductor stocks was a major headwind, with NVIDIA Corporation (NVDA) falling 4.99% and Advanced Micro Devices Inc. (AMD) losing 5.18%. The energy sector also faced pressure, as shares of Chevron Corp (CVX) declined 2.46%.

Broader Market Indicators

Despite the Nasdaq's decline, market breadth was positive. On the New York Stock Exchange, advancing stocks outnumbered declining ones 1,662 to 1,039. The CBOE Volatility Index (VIX), often seen as a gauge of market fear, edged up 0.48% to 18.67.

In commodities, crude oil prices experienced a sharp drop, with the West Texas Intermediate contract for September delivery falling 8.31% to $81.92 a barrel. Meanwhile, gold futures for August delivery saw a modest gain of 0.22%.