US stocks were mixed at the start of the week as investors waited for bank earnings and key inflation data. Micron fell and oil-linked shares rose as crude prices climbed on Middle East tensions.
01Summary
- 01The S&P 500 was down 0.1%, the Dow Jones Industrial Average rose 177 points, and the Nasdaq Composite fell 0.5%.
- 02Micron Technology fell 3% after investors weighed stronger competition from China’s CXMT.
- 03Salesforce rose more than 1% after Bank of America gave it a double upgrade.
- 04West Texas Intermediate crude rose 2% to around $94 a barrel and Brent crude gained 2% to about $107 a barrel.
- 05Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo are due to report this week, alongside September consumer and producer price data on Wednesday and Thursday.
02Why it matters
The move shows markets are pausing after a strong week while they wait for earnings and inflation readings that could shape the outlook for rates and stocks. Higher oil prices and Middle East tensions may also affect sectors tied to energy, shipping and inflation.
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