Wall Street closed lower on oil price pressures and geopolitical concerns

The main indices on Wall Street ended trading lower on Monday, with renewed tensions between Washington and Tehran and the subsequent rise in oil prices, as well as the anticipation of quarterly results from major retail companies for indications about consumer spending in the United States. Collective decline in indices The Dow Jones Industrial Average fell by 272.63 points, or 0.51%, to close at 53,459.78 points. The S&P 500 index fell 40.70 points, or

0.52%, to 7,745.06 points, while the Nasdaq Composite Index lost 84.25 points, or 0.31%, to end the session at 26,644.91 points. With the exception of the energy sector, all 11 major sectors included in the S&P 500 index declined. The telecommunications services and consumer staples sectors fell by about 1.5% each, while the financials and consumer luxury goods sectors fell by slightly more than 1%. The technology sector also finished in the S&P 500

The session was down by about 0.2%, after moving between gains and losses during trading. Artificial Intelligence Stocks Under Pressure Technology stocks saw volatile trading as investors worried about whether huge investments in artificial intelligence would eventually pay off. The Philadelphia Semiconductor Index rose 1.6%, while the S&P 500 Software and Services Index fell 2.8%. Microsoft shares were Meta

Platforms are among the biggest factors weighing on the S&P 500, with each stock falling more than 3%. On the other hand, the shares of chip companies provided the largest support to the index, as Micron Technology shares rose by 4%, while Applied Materials shares rose by 5.5%. Investors are also awaiting results from NVIDIA, the world's leading and most valuable AI chip maker, due next week.

Oil prices rose during trading

Today, Monday, in light of the lack of progress in diplomatic efforts aimed at ending the conflict in the Middle East.

The price of Ethereum (ETH) rose by about 2% during trading on Monday, after it regained the $1,900 level, amid improved daily momentum and increasing short position liquidation gatherings near the price, which brought the $2,000 level back into the spotlight.

Corn futures rose on Monday on the Chicago Board of Trade (CBOT).

Dealers kick off the Pro Farmer Crop Tour this week, which is expected to provide additional data on corn and soybean crop yields.