US stocks fall as tech giants decline, oil pushes energy giants near record highs, Bitcoin regains $70,000: What will move markets on Monday?

It was a relatively lackluster session on Wall Street on Monday, with major large-cap indexes in the red, but small-cap stocks outperformed as tech giants lose ground amid recent negative headlines. Formed.

As the Department of Justice begins antitrust litigation, Apple. (NASDAQ:AAPL) Last Monday, a European watchdog opened an investigation under new digital laws into Apple, Alphabet Co., Ltd. (NASDAQ:GOOGL) and Meta Platforms Co., Ltd. (NASDAQ:Meta).

While the tech sector struggled, energy stocks continued to rise, benefiting from higher oil prices, with West Texas Intermediate (WTI) up 1.4% to $82 a barrel.

of Energy Select Sector SPDR Fund (NYSE:XLE), an index that tracks U.S. energy stocks, has reached levels last seen in November 2022 and is now less than 2 percentage points from its all-time high.

U.S. Treasury yields rose, likely influenced by higher commodity prices, given the lack of data that influences interest rates. The yield on the 10-year US Treasury rose to 4.25%, on track to end a losing streak on the 4th.

In terms of geopolitics, Intel Corporation (NASDAQ:INTC) and Advanced Micro Devices Co., Ltd. (NASDAQ:AMD) follows a Financial Times report that China has enacted new guidelines aimed at phasing out the use of U.S. microprocessors from Intel and AMD in government PCs and servers. As a result, we faced volatile trading.

Bitcoin (Cryptocurrency: BTC) rose more than 5%, regaining $70,000, a level last seen in mid-March, while gold rose 0.4% to $2,180 per ounce.

Monday’s performance of major US indexes and ETFs

of SPDR S&P 500 ETF Trust (NYSE:SPY) fell 0.2% to $520.35. SPDR Dow Jones Industrial Average (NYSE:DIA) fell 0.4% to $393.13. Invesco QQQ Trust (NASDAQ:QQQ) fell 0.3% to $445.17, according to data from Benzinga Pro.

By sector, Energy Select Sector SPDR Fund was the day’s best, rising 1.1%. Technology Select Sector SPDR Fund (NYSE:XLK) was a laggard, falling 0.5%.

monday stock mover

• Bitcoin related stocks etc. Super Micro Computer Co., Ltd. (NYSE:SMCI), Coinbase Global Co., Ltd. (NYSE:COIN), and Riot Blockchain Co., Ltd. (NASDAQ:RIOT), up about 9% to 10%.
• Micron Technology Co., Ltd. (NASDAQ:MU) rose more than 7%, outperforming other chip makers.
• United Airlines Holdings Co., Ltd. (NASDAQ:UAL) stock fell more than 4% after the Federal Aviation Administration announced it would increase regulatory scrutiny of the company over concerns over recent safety lapses.
• Take-Two Interactive Software (NASDAQ:TTWO) plunged more than 5% following rumors that the release of the long-awaited Grand Theft Auto 6 could be delayed beyond its expected 2025 release window. did.
• Gamestop Co., Ltd. (NYSE:GME) rose more than 13% ahead of its earnings report, scheduled after the market close on Tuesday.
• Lucid Group Co., Ltd. (NASDAQ:LCID) rose 8% after the EV maker secured $1 billion from the Saudi Public Investment Fund.
• New York Community Bancorp, Inc.. (NYSE:NYCB) fell nearly 5% as investor sentiment toward troubled local banks remained weak.

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