The S&P 500 held roughly flat on Monday at 7,483.24 as the Dow Jones climbed 1.14% and the Nasdaq Composite slid 0.80%. The split points to a rotation out of technology into industrials, with traders now watching for the FOMC minutes.
The S&P 500 sat almost unchanged on Monday, gaining 0.01% to 7,483.24 while the rest of Wall Street pulled in opposite directions. The Dow Jones Industrial Average rose 1.14% to 52,900.07, but the Nasdaq Composite fell 0.80% to 25,832.67 as technology shares came under selling pressure. The benchmark’s flat close masked a sharp divide beneath the surface.
Tech weakness meets industrial strength
That divide reflects a sectoral rotation, with investors moving away from tech-heavy assets toward traditional industrial components in the wake of the latest jobs data, according to Economy Middle East. Trading followed a long weekend in the United States, and the session settled into a push-and-pull between technology volatility and resilient industrial and regional benchmarks.
Asia and Europe advance
The rotation played out overseas as well. Japan’s Nikkei 225 added 0.14% to 69,844.00, though its implied volatility gauge jumped 37.87% to 34.11 as chip names sold off. Hong Kong’s Hang Seng rose 0.61% to 23,491.50, while the Shanghai Composite dipped 0.03% to 4,042.33.
European benchmarks were broadly higher. The Euro Stoxx 50 led with a 0.82% gain to 6,412.68, Germany’s DAX climbed 0.78% to 25,779.31, and the UK’s FTSE 100 rose 0.25% to 10,679.03.
Fed minutes in focus
Investors are now positioning for the forthcoming FOMC minutes, which are expected to shed light on future monetary policy under new leadership, Economy Middle East reported. The S&P 500 VIX eased 2.11% to 15.81, a sign the broader market may be settling into a phase of consolidation even as technology shares stay unsettled.
Sources: Economy Middle East, Investing.com
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