Stocks End Mixed on Wall Street as Winning Streak Cools Off

Stocks on Wall Street ended mixed on Monday, putting a pause on a seven-week winning streak. The S&P 500 managed to add 0.5 percent, while the Dow Jones Industrial Average remained relatively unchanged. The Nasdaq composite, on the other hand, rose 0.6 percent.

One of the factors impacting the market was the rise in crude oil prices due to concerns about shipping attacks in the Red Sea. Oil and natural gas giant BP joined other companies in halting shipments along this major trade route.

U.S. Steel saw a significant surge after agreeing to be acquired by Japan’s Nippon Steel. However, more stocks fell than rose on the New York Stock Exchange.

The yield on the 10-year Treasury rose to 3.95 percent.

Monday’s Market Performance:

• The S&P 500 rose 21.37 points, or 0.5 percent, to 4,740.56.
• The Dow Jones Industrial Average rose 0.86 points, or less than 0.1 percent, to 37,306.02.
• The Nasdaq composite rose 90.89 points, or 0.6 percent, to 14,904.81.
• The Russell 2000 index of smaller companies fell 2.71 points, or 0.1 percent to 1,982.42.

Year-to-Date Performance:

• The S&P 500 is up 901.06 points, or 23.5 percent.
• The Dow Jones Industrial Average is up 4,158.77 points, or 12.5 percent.
• The Nasdaq composite is up 4,438.33 points, or 42.4 percent.
• The Russell 2000 index is up 221.17 points, or 12.6 percent.

Note: The views and opinions expressed in this article are those of the authors and should not be construed as investment advice. The Epoch Times does not provide financial advice and holds no liability for the accuracy or timeliness of the information provided.