U.S. stocks ended slightly lower on Monday as a more than 5% surge in WTI crude oil prices fueled inflation concerns and pushed the 10-year Treasury yield up 5 basis points to 4.70%. The S&P 500 slipped 0.06%, the Dow Jones Industrial Average fell 0.11%, and the Nasdaq 100 declined 0.34%. Hawkish remarks from Cleveland Fed President Beth Hammack, who said the current interest rate is not meaningfully restricting the economy and that more rate hikes are likely needed, added to the pressure. Losses were limited by gains in energy stocks, software companies, and cybersecurity firms, while chipmakers and airlines declined. JPMorgan raised its year-end S&P 500 target to 8,000 from 7,800, citing strong earnings and faster AI monetization.
