The US seized an Iran-flagged cargo vessel over the weekend, heightening geopolitical risks. Meanwhile, the S&P 500 rebounded to a record high last week, and the three major US stock indices edged lower on Monday.

The Nasdaq dipped only 0.3%, or 64 points, to close at 24,404, snapping its 13-day winning streak. The S&P 500 declined 16 points, or 0.2%, to 7,109. The DJIA lost 4 points to 49,442.

However, small-cap stocks outperformed. The Russell 2000 rose 0.6% to 2,792, marking a record closing high, and touched an all-time high intraday.

Software shares advanced, with the iShares Expanded Tech-Software Sector ETF gaining more than 1%. Tesla (TSLA.US) dived nearly 2%, while Intel (INTC.US) dropped 4%.
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AASTOCKS Financial News
Website: www.aastocks.com

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