It's a mixed start to the week on Wall Street, with technology stocks dragging down the Nasdaq 100 and S&P 500 indices, while blue-chip stocks in the Dow Jones Industrial Average reached new all-time highs during the morning session in New York as traders weighed the latest surge in global geopolitical risks.

Oil prices surged by 3% due to escalating tensions in the Middle East between Israel and Hezbollah, coupled with supply disruptions in Libya, where a government faction halted oil production.

The Dow reached 41,420 points around 10:30 a.m. E.T., marking fresh record highs before retreating slightly and advancing by only 0.1% by midday trading in New York. Small caps managed to book modest gains, with the Russell 2000 up 0.3%.

Semiconductors were the weakest segment within the broader tech sector, with the iShares Semiconductor ETF SOXX dropping 2.3%, ahead of NVIDIA Corp.'s NVDA highly anticipated earnings report, scheduled for release on Wednesday after the close.

Treasury yields remained broadly steady, while the U.S. dollar attracted some safe-haven demand, gaining ground against all major currencies.

In commodities, gold and silver prices held steady, copper edged up 0.3%, while natural gas prices dropped over 3%, on track for a fourth consecutive session of declines.

Bitcoin BTC/USD fell 1% to $63,613.

Monday’s Performance In Major U.S. Indices, ETFs

Major Indices Price 1-day %chg Russell 2000 2,232.07 0.3% Dow Jones 41,221.87 0.1% S&P 500 5,620.72 -0.2% Nasdaq 100 19,547.44 -0.9% Updated at 12:30 p.m. ET

According to Benzinga Pro data:

The SPDR S&P 500 ETF Trust SPY was 0.1% lower to $561.33.

was 0.1% lower to $561.33. The SPDR Dow Jones Industrial Average DIA rose 0.3% to $412.75.

rose 0.3% to $412.75. The tech-heavy Invesco QQQ Trust Series QQQ fell 0.8% to $476.06

fell 0.8% to $476.06 The iShares Russell 2000 ETF IWM inched 0.3% higher to $220.95.

inched 0.3% higher to $220.95. The Consumer Staples Select Sector SPDR Fund XLP outperformed, by 0.6%. The Technology Select Sector SPDR Fund XLK lagged, down by 1%.

Monday’s Stock Movers

PDD Holdings Inc. PDD plummeted 29% after reporting weaker-than-expected quarterly results and revenue guidance.

Photo: Shutterstock

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