The S&P 500 Index closed up 0.12% on Monday, reaching a new all-time high, while the Dow Jones Industrial Average fell 0.13%. The Nasdaq 100 also hit a record, buoyed by optimism surrounding AI infrastructure demand, particularly as major tech firms prepare to report quarterly earnings this week. Notably, Qualcomm’s collaboration with OpenAI and MediaTek has further fueled interest in tech stocks.

Despite this positive momentum, the broader market faced headwinds from a 2% surge in WTI crude oil prices, which heightened inflation concerns. The increase in oil prices is linked to geopolitical tensions, particularly the U.S.-Iran standoff over the Strait of Hormuz. Goldman Sachs has indicated that crude output in the Persian Gulf has significantly declined, which may exacerbate global energy supply issues.

Market professionals should closely monitor earnings reports from major tech companies this week, as they could significantly influence market sentiment and stock performance, especially given the projected 12% year-over-year increase in S&P 500 earnings for Q1.

Source: nasdaq.com