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Informist, Tuesday, Jun. 23, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: US indices end mixed Mon; tech stocks drag down S&P, Nasdaq

 

MUMBAI--0725 IST--US equity indices ended mixed on Monday, with losses in major technology players dragging the S&P 500 and the tech-heavy Nasdaq into negative territory. On the other hand, gains in the industrial and healthcare sectors allowed the Dow Jones to close higher as market participants assessed the conclusion of the first session of peace negotiations between the US and Iran.

 

On Monday, several 'Magnificent 7' stocks ended lower, with Alphabet leading the losses, ending over 5% lower. The stock fell amid growing concerns around artificial intelligence and as two high-profile researchers exited the company for rivals in recent days, according to a CNBC report. Its peers Meta, Amazon, and Microsoft ended 3–5% lower. Elon Musk's SpaceX also ended over 16% lower, down for the third straight session, during which it shed 24%, according to a report by CNBC. On the other hand, shares of chipmaker Micron Technology ended nearly 7% higher, ahead of the company's quarterly results due post market hours on Wednesday. Other chipmakers also saw gains, with Advanced Micro Devices and Intel, around 3% and 5% higher, respectively.

 

Investors continued to assess the durability of peace in West Asia after the first session of peace talks between the US and Iran in Switzerland concluded on Monday. Mediators Qatar and Pakistan said the US and Iran had agreed on a road map to reach a final deal within 60 days. Subsequently, crude oil prices fell over 3% to close at around $78 per barrel on Monday. 

 

Market participants will also keep an eye out for the release of the personal consumption expenditures price index for May, the US central bank's preferred inflation gauge, due Thursday. Even excluding volatile food and energy prices, core expenditure is seen up from April, CNBC reported, citing economists polled by FactSet.

 

Following were the closing levels of major US indices on Monday:

 

US Indices	Levels	Change in %
Dow Jones Industrial Average	51712.71	0.29
NASDAQ Composite	26166.60	(-)1.32
S&P 500	7472.79	(-)0.37

 

(Shruti Nair)

 

US$1 = INR 94.68

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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