S&P 500 and Nasdaq slide as Big Tech and SpaceX shares fall

Price Action

โดย Dow Jones·Read original

Summary · why it matters

US stocks closed mixed on Monday, with the S&P 500 falling nearly 0.4% and the Nasdaq Composite dropping 1.3%, while the Dow Jones Industrial Average gained more than 0.2%. Big Tech shares were notably lower, as Alphabet swung 5% lower and Amazon, Meta, and Nvidia also saw sharp declines. Shares of Elon Musk's SpaceX fell for the third consecutive day. Oil prices retreated after Iran reported encouraging progress in peace talks with the US, with Brent crude sliding to around $78 a barrel and West Texas Intermediate near $74. Investors are now looking ahead to the May Personal Consumption Expenditures price index, the Federal Reserve's preferred inflation gauge.