Summary · why it matters
U.S. stocks finished mixed on Monday, with the S&P 500 down 0.37% and the Nasdaq 100 down 0.19%, while the Dow Jones Industrial Average added 0.29%. Alphabet fell more than 5% after Google DeepMind Vice President Jumper left to join Anthropic PBC, leading a broader decline in megacap technology and software stocks that erased early gains. Palantir Technologies dropped over 6%, Oracle lost more than 4%, and several other software names fell more than 3%. Chipmakers and AI-infrastructure stocks provided some support, with the iShares Semiconductor ETF rising over 2% to a record high and ON Semiconductor up more than 8%. Defense companies slid after Iran reported major progress in peace talks with the U.S., while crude oil prices reversed lower following a temporary U.S. license allowing Iranian oil sales through August 21.