Stocks
Dow Falls Amid Rising Oil Prices and Fed Rate Hike Uncertainty
The US stock market experienced mixed trading on Monday, August 17, as investors weighed geopolitical risks against softer economic data.
The Dow Jones Industrial Average fell 0.31%, or 164.46 points, while the S&P 500 declined 0.14% and the Nasdaq was nearly flat.
Rising oil prices amid Middle East tensions contributed to the decline in energy stocks, but gains in tech sectors helped cushion pressure elsewhere in the market.
Nvidia shares rose ahead of its upcoming earnings report, while Micron and SanDisk posted notable gains. The Federal Reserve's interest-rate path remains a key factor for investors, with reduced expectations for a September rate hike providing some support to risk assets.