NEW YORK — U.S. stocks closed mixed as bargain hunting in technology shares lifted parts of the market.
The Dow Jones Industrial Average fell 36.38 points, or 0.07%, to 51,966.03 on the 19th. The Standard & Poor's 500 rose 31.29 points, or 0.41%, to 7,690.73, and the Nasdaq Composite gained 290.85 points, or 1.11%, to 26,430.89.
Among the largest companies by market capitalization, Nvidia rose 1.38%, Microsoft 0.84%, Amazon 4.98%, Google parent Alphabet 1.05%, TSMC 1.84%, SpaceX 1.32%, Broadcom 1.78%, SK hynix 4.67% and Micron 2.97%. Apple slipped 0.15% and Facebook parent Meta lost 1.55%.
Technology shares were broadly stronger as buyers moved into artificial intelligence and semiconductor names that had tumbled last week. The Philadelphia Semiconductor Index rose 1.61%, snapping an eight-session losing streak. Investors are focused on earnings from SpaceX on the 20th and from Meta and Tesla on the 21st.
Intel gained 2.43% after JPMorgan raised its rating to neutral from underweight. The bank said a meaningful earnings recovery at Intel remains several years away but that its confidence in the management team and the company is improving. Amazon also climbed sharply after Morgan Stanley named it a top pick. CoreWeave, which dragged down the broader market last week on concerns about souring debt, fell another 0.44% and has yet to shake off the damage.
In the bond market, the yield on the 10-year U.S. Treasury note, the global benchmark, rose steeply and touched 5.150% during the session. The 30-year yield, a reference for U.S. mortgage rates, climbed to 5.488%, and the policy-sensitive two-year yield rose to 4.782%.
Oil prices finished mixed as expectations of increased supply from an easing of U.S. sanctions on Russia offset concerns about disruptions after an attack by Yemen's pro-Iran Houthi rebels on Saudi Arabian oil facilities. West Texas Intermediate crude for November delivery settled up $2.25, or 2.22%, at $103.66 a barrel on the New York Mercantile Exchange. Brent crude for December delivery fell 31 cents, or 0.28%, to $109.55 a barrel on the ICE Futures Europe exchange in London.
The Houthis said they carried out large-scale retaliatory strikes against six targets in Saudi Arabia, including key oil facilities operated by state-run Aramco, an international airport and military bases. Yahya Saree, the group's military spokesman, said the strikes were retaliation for what he called Saudi Arabia's brutal aggression, citing more than 200 airstrikes over the previous 48 hours on the Yemeni capital Sanaa and other areas. He said the group had successfully conducted six high-intensity military operations using multiple ballistic and cruise missiles and drones. Iran's Revolutionary Guard separately said a tanker caught fire after striking a mine in the southern Strait of Hormuz on the 18th.
