The U.S. stock market slipped below its all-time high, while oil prices rose on uncertainty about when the Strait of Hormuz could reopen and get the global flow of crude going again.
The S&P 500 fell 0.1 percent Monday. The Dow Jones Industrial Average fell 0.1 percent, and the Nasdaq composite lost 0.3 percent.
Berkshire Hathaway climbed after becoming the latest U.S. company to top analysts’ profit expectations. Technology stocks weighed on the market. Intel fell after saying it may sell $15 billion of stock to raise cash to take advantage of the AI frenzy. Brent crude rose 5 percent.
On Monday:
The S&P 500 fell 4.53 points, or 0.1 percent, to 7,753.11.
The Dow Jones Industrial Average fell 60.95 points, or 0.1 percent, to 53,975.98.
The Nasdaq composite fell 85.26 points, or 0.3 percent, to 26,605.36.
The Russell 2000 index of smaller companies fell 17.10 points, or 0.6 percent, to 3,017.40.
For the year:
The S&P 500 is up 907.61 points, or 13.3 percent.
The Dow is up 5,912.69 points, or 12.3 percent.
The Nasdaq is up 3,363.37 points, or 14.5 percent.
The Russell 2000 is up 535.49 points, or 21.6 percent.
