Major stock indexes finished lower to begin a busy week of earnings, while oil prices rose after President Donald Trump said Iran "will pay" for the deaths of American soldiers.
The blue-chip Dow Jones Industrial Average, benchmark S&P 500, and tech-focused Nasdaq Composite closed down a respective 0.6%, 0.2%, and less than 0.1%, respectively. All three opened higher before fading as the day progressed.
Last week, the Nasdaq shed 2.9%, while the S&P 500 dropped 1.6% and the Dow fell 0.9%, marking the first time since the week of June 5 that all three posted weekly losses.
Earnings season intensifies this week, with Magnificent Seven members Alphabet (GOOGL) and Tesla (TSLA) both reporting results after the closing bell Wednesday. Four members of the septet ended higher Monday after all but Apple (AAPL) ended in the red Friday, the second straight day tech stocks led markets lower.
Semiconductor and memory stocks rose modestly after paring gains, with the iShares Semiconductor ETF (SOXX) and Roundhill Memory ETF (DRAM) finishing up less than 1% apiece.
Warner Bros. Discovery (WBD) and Paramount Skydance (PSKY) shares declined roughly 4% and 2%, respectively, after a federal judge temporarily blocked the latter from buying the former following an antitrust lawsuit filed by several states.
Elsewhere, U.S.-listed shares of Alibaba Group (BABA) rose nearly 5% after the Chinese tech giant unveiled its Qwen3.8 Max AI model, which it said was second only to Anthropic's Fable 5. On Friday, news of an advanced model released by Chinese startup Moonshot AI caused tech stocks to tumble.
Shares of AMC Entertainment (AMC) and Domino's Pizza (DPZ) soared 26% and gained 2%, respectively, after they issued second-quarter results before the bell.
Oil prices rose early Monday after three American servicemen were killed over the weekend by Iranian military strikes and the U.S. continued attacks on Iranian infrastructure. They turned lower after an Iranian spokesman said intermediaries between the nations were continuing to exchange messages, but then advanced again once Trump wrote on Truth Social that "every time Iran kills an American Soldier they will pay for that killing many times over!" At 4 p.m. ET, West Texas Intermediate futures, the U.S. benchmark, were up 0.7% at just above $83 a barrel, while Brent crude futures, the global benchmark, were 1% higher at around $89 a barrel.
The 10-year Treasury yield, which influences interest rates on a variety of consumer loans including mortgages, was near 4.60%, up about five basis points from Friday's close.
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