US Stocks Trim Gains
2026-03-30 17:08
By
Andre Joaquim
1 min. read
US stocks indices were mixed on Monday as a rebound in Treasury securities supported traditional sectors of the economy, while companies in the computing sector underperformed.
The Dow jumped 0.6% and the S&P 500 inched higher, while the tech heavy Nasdaq 100 was below the flatline.
Crude oil and product prices rose further after Houthi attacks threatened exports from the Red Sea, while President Trump delivered more threats to Iran should a deal not be reached soon.
Still, bond yields eased from peaks in a sign that growth concerns from energy shortages are being considered in tandem with inflationary risks.
Banks and financial services providers were higher amid the rebound for bonds, with JPMorgan, American Express, and Blackstone rising between 3% and 1%.
On the other hand, chip producers sank to extend last week's losses after research from Alphabet stoked optimism on compute-efficient AI models.
Micron, Lan Research, and Western Digital sank near 7%.