S&P 500 Closes Flat as Oil, Chip Stocks Weigh — SkimNews
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- S&P 500 closed near flat on Monday, pressured by higher oil prices and memory chip stock losses
- Nasdaq declined ahead of upcoming earnings reports and economic data releases
- Fair Isaac led individual movers while Cerebras Systems lagged in Monday's mixed session
Why it matters: The S&P 500 closing near flat at record-adjacent levels reveals that oil and memory chip stock losses are offsetting broader market momentum. The Nasdaq's parallel decline ahead of this week's earnings and economic data shows traders weighing near-record positioning against pending catalysts.
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