Wall Street kicked off the new week on a flat note after the worst weekly slump for tech stocks since April, as investors remained cautious ahead of a flood of economic data following the end of the government shutdown and NVIDIA Corp. (NASDAQ:NVDA)'s highly anticipated earnings report on Wednesday.
• NVDA is under selling pressure. Track the action here.
By midday in New York, major large-cap indices were little changed, while the small-cap Russell 2000 slipped 0.4%. Utilities led sector gains, while energy lagged.
Among standout movers, Alphabet Inc. (NASDAQ:GOOGL) jumped nearly 5% to a fresh record high of $293 after Berkshire Hathaway disclosed a new 17.85 million-share stake valued at roughly $4.93 billion as of Sept. 30.
On the downside, Dell Technologies Inc. (NYSE:DELL) slid more than 6% after Morgan Stanley cut its price target to $110 from $140.
Netflix Inc. (NASDAQ:NFLX)'s 10-for-1 stock split went into effect Monday, bringing the share price to about $111 and making the stock more accessible to retail investors.
In commodities, gold edged 0.4% lower to $4,066 per ounce, while silver rose 0.6% to $50.80. Oil prices held steady near $60 a barrel after Friday's 2.8% rally.
Crypto markets showed no major rebound after a robust sell-off. Bitcoin (CRYPTO: BTC) hovered around $94,000 after briefly dipping below $92,950 on Sunday — its lowest level in more than six months. The world's largest cryptocurrency is now down over 25% from last month's peak at $126,296. Ethereum (CRYPTO: BTC) recovered slightly, gaining 1.4% to $3,130.
Monday’s Performance In Major U.S. Indices, ETFs
| Major Indices | Price | 1-day % Chg |
| S&P 500 | 6,743.82 | 0.1% |
| Dow Jones | 47,138.81 | 0.0% |
| Nasdaq 100 | 25,096.33 | -0.2% |
| Russell 2000 | 2,379.14 | -0.4% |
According to Benzinga Pro data:
- The Vanguard S&P 500 ETF (NYSE:VOO) flattened at $618.15.
- The SPDR Dow Jones Industrial Average (NYSE:DIA) inched 0.1% lower to $471.44.
- The tech-heavy Invesco QQQ Trust Series (NASDAQ:QQQ) was 0.2% higher to $610.75.
- The iShares Russell 2000 ETF (NYSE:IWM) slipped 0.3% to $236.74.
- The Utilities Select Sector SPDR Fund (NYSE:XLU) outperformed, up 1.1%; the Energy Select Sector SPDR Fund (NYSE:XLE) lagged, down 0.6%.
S&P 500’s Top 5 Gainers And Laggards On Monday
| Stock Name | % Chg |
|---|---|
| Albemarle Corporation (NYSE:ALB) | +7.83% |
| Tesla, Inc. (NASDAQ:TSLA) | +4.69% |
| Alphabet Inc. (NASDAQ:GOOG) | +4.64% |
| Centene Corporation (NYSE:CNC) | +4.43% |
| Western Digital Corporation (NASDAQ:WDC) | +3.66% |
| Stock Name | % Chg |
|---|---|
| Hewlett Packard Enterprise (NYSE:HPE) | -6.68% |
| Dell Technologies Inc. (NYSE:DELL) | -6.51% |
| Coinbase Global, Inc. (NASDAQ:COIN) | -5.62% |
| Super Micro Computer, Inc. (NASDAQ:SMCI) | -4.35% |
| Generac Holdings Inc. (NYSE:GNRC) | -4.32% |
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Image created using artificial intelligence via Midjourney.
