NEW YORK / RankWire.AI / – In New York on Monday, U.S. equities finished lower as shares related to artificial intelligence and semiconductor companies experienced significant drops. The Dow Jones Industrial Average declined by 152.09 points, or 0.3%, ending at 52,421.20. Meanwhile, the S&P 500 decreased by 0.5% to close at 7,619.98. The Nasdaq Composite fell 0.6% to 26,186.41. Although technology stocks led the losses, gains across other sectors helped to limit the overall market decline. More stocks in the S&P 500 advanced than retreated during the session.
Leading the downward movement, Nvidia dropped 3.4%, making it one of the biggest draggers on major U.S. indices. The Philadelphia semiconductor index declined by 5.9%. Shares of Micron Technology, Broadcom, and Advanced Micro Devices also fell during Monday’s trading hours. These declines followed public calls from several top AI executives urging a slowdown in development due to safety concerns. Anthropic CEO Dario Amodei argued for a cautious pace. OpenAI CEO Sam Altman and xAI founder Elon Musk also expressed support for decelerating progress.
Despite the setbacks in semiconductor stocks, several software firms posted gains. Intuit climbed 5.5%, Autodesk increased by 7.8%, and Adobe rose 5.3%. These positive movements helped offset some of the downward pressure from Nvidia and other major AI-related companies. As a result, the S&P 500’s decline was less severe than suggested by the technology sector’s selloff. Banking stocks displayed mixed results, with Bank of America falling 5.1% after its CEO discussed lower investment banking fees.
Oil remains above the $100 mark
On Tuesday, oil prices continued their ascent as ongoing disruptions in Middle East energy infrastructure persisted, impacting global supply routes. Brent crude increased approximately 1.2%, reaching $106.96 per barrel during Asian trading hours. U.S. crude futures rose about 1.3% to $102.68. After approaching $110 earlier in the session, Brent settled Monday at $105.68. Attacks targeting Saudi energy infrastructure have disrupted a major pipeline, and shipping through the Strait of Hormuz has significantly decreased.
The rise in oil prices has coincided with an uptick in U.S. government bond yields. The 10-year Treasury yield briefly surpassed 5% on Monday, a first since 2023, before easing back to 4.98%, compared to 4.96% late Friday. The Federal Reserve begins a two-day policy meeting on Tuesday, with a decision expected Wednesday. The central bank has kept its benchmark federal funds rate target in the range of 3.5% to 3.75% since the start of 2026.
Global markets follow oil and bond trends
Equity markets across Asia traded mixed on Tuesday, influenced by fluctuations in oil prices, bond yields, and the recent downturn in U.S. technology stocks. Japan’s Nikkei increased by roughly 0.2%, while South Korea’s Kospi declined approximately 0.3%. The U.S. dollar also traded near a two-week high against major currencies. Brent crude prices stayed above $106, maintaining energy costs near their highest levels in months. After Monday’s sharp declines, Nvidia and other AI-related firms continue to dominate the global technology market movements.
The Federal Reserve’s September policy meeting continues through Wednesday and will include updated economic forecasts. Its July statement highlighted that inflation remains above the central bank’s 2% goal and pointed to energy-related supply shocks as contributing factors. U.S. gasoline prices have risen as well, with the national average approaching $4.32 per gallon—up from about $4.08 a month earlier and $3.18 a year ago. As markets open on Tuesday, oil remains above $100, Treasury yields hover near 5%, and technology shares face renewed downward pressure.