Wall Street updates with rising oil and earnings preview
The U.S. stock indices concluded Monday's trading session with mixed results; the Nasdaq declined by 0.44% due to a drop in electronics chip stocks, while the S&P 500 remained stable after a slight dip of 0.05%, and the Dow Jones Industrial Average closed higher, up by 0.38%. Markets were influenced by a nearly two-dollar increase in oil prices following attacks on Riyadh Airport, which adds to the uncertainty surrounding supply disruptions, alongside anticipation of major company earnings reports and US inflation data. Investors are also awaiting disclosures from banks such as JPMorgan and Citigroup. Additionally, Microsoft's market value recovered following plans for AI chip development, whereas Chipotle's stock fell after Starbucks denied reports of an acquisition.
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