Key facts
- The S&P 500 and Nasdaq Composite opened lower on Monday.
- Escalating tensions between the U.S. and Iran in the Gulf pushed oil prices higher.
- Chip stocks experienced pressure.
- The Dow Jones Industrial Average rose slightly at the open.
U.S. stock indexes opened lower on Monday, with the S&P 500 and Nasdaq Composite declining as heightened tensions between the United States and Iran in the Gulf region spurred a rise in oil prices and unsettled investor sentiment. Chip stocks also faced downward pressure.
At the opening bell, the Dow Jones Industrial Average edged up by 39.5 points, or 0.08%, to 52676.53. In contrast, the S&P 500 fell by 27.9 points, or 0.37%, to 7547.53, and the Nasdaq Composite dropped 193.3 points, or 0.74%, to 26088.313.