S&P 500 Flat as Oil Drags Tech; Microsoft Lifts Dow — SkimNews
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- S&P 500 hovered near its latest record in mixed trading, opening the week little changed as investors looked ahead to bank earnings.
- Micron led tech lower while an oil rally pressured the S&P 500 and Nasdaq; Microsoft and Salesforce buoyed the Dow in the offsetting rotation.
Why it matters: The split tape — oil-pressured S&P 500 and Nasdaq versus Dow gains from Microsoft and Salesforce — shows sector rotation inside the market rather than a broad sell-off, with bank earnings this week now the swing factor for direction.
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