US Stocks Close Mixed in Volatile Session

2026-05-18 20:15 By Joana Taborda 1 min. read

US stocks finished mixed on Monday, with the S&P 500 edging down 0.1%, the Nasdaq falling 0.5%, and the Dow Jones rising 160 points, as traders continued to monitor developments in the Middle East and assess whether the US and Iran could reach a deal.

Technology stocks led the declines and were the worst-performing sector, while energy, consumer staples, and financials posted solid gains.

Seagate tumbled nearly 7% after its CEO said at a JPMorgan conference that building new factories would “take too long”.

The remarks also weighed on other chipmakers, with Micron Technology falling 6%, as investors grew more concerned that the memory-chip industry may lack the capacity to meet surging demand.

Nvidia (-1.3%), Apple (-0.8%), Meta (-0.5%) and Broadcom (-1.1%) were also lower.

Tesla fell 2.9% after the planned SpaceX initial public offering raised concerns about increased competition for investor capital and potential distractions for management attention.



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