US Stocks-Wall Street indexes slip as oil prices rise, retail results awaited
SPY•Indexes and sectors finish lower
According to preliminary data, the S&P 500 .SPX lost 39.55 points, or 0.51%, to end at 7,746.21 points, while the Nasdaq Composite .IXIC lost 76.87 points, or 0.31%, to 26,652.29. The Dow Jones Industrial Average .DJI fell 263.21 points, or 0.49%, to 53,469.20.
Most of the benchmark S&P 500's 11 major industry sectors lost ground on the day with communications services .SPLRCL, consumer staples .SPLRCS and consumer discretionary .SPLRCD among the weakest.
The S&P 500 technology sector .SPLRCT flitted between red and green during the session. Trading in technology has been volatile with investors anxious about whether hefty spending on artificial intelligence will pay off. Reuters reported on Friday that two people familiar with Anthropic's financials said the company, which is preparing for its IPO, forecast 2028 revenue of roughly $190 billion to $200 billion.
On Monday, gains in chip stocks were offset by declines in software with the PHLX semiconductor index .SOX rallying while the S&P 500 Software & Services index .SPLRCIS sank.
