US open: Stocks mixed amid fresh Middle East tensions, rising crude prices

(Sharecast News) - Wall Street trading got off to a mixed start on Monday after Iran and the US exchanged airstrikes again over the weekend, with Tehran targeting American facilities in several Gulf states and declaring the Strait of Hormuz closed.

As of 1500 BST, the Dow Jones Industrial Average was up 0.38% at 52,834.71, while the S&P 500 shed 0.28% to 7,554.13 and the Nasdaq Composite came out of the gate 1.07% weaker at 25,999.29.

The Dow opened 197.70 points higher on Monday, extending gains recorded in the previous session as US stocks pushed into positive territory, buoyed by renewed optimism in the AI and semiconductor sectors

Middle East tensions were firmly in focus at the open on Monday after Donald Trump disputed Iran's claim that the Straight of hormuz had been shut, insisting the key shipping lane remained open to commercial traffic, even after he ordered strikes against Iran after an Iranian attack on a commercial vessel transiting the strait.

Crude prices moved higher at the open as tensions escalated, with international benchmark Brent crude rising 3.43% to $78.62 a barrel, while West Texas Intermediate gained 3.18% to $73.68 a barrel.

On the macro front, the Federal Government's June budget statement will be published at 1900 BST.

No major corporate earnings were slated for release on Monday, but this week will still be a busy one for US corporate earnings, with major banks JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America, Citigroup and Wells Fargo all set to report before the end of the week. Netflix, Johnson & Johnson and UnitedHealth will also report before the week is done.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Dow Chemical Co. (DOW) $30.18 3.96%

Salesforce.Com Inc. (CRM) $168.56 2.93%

Chevron Corp. (CVX) $180.64 2.42%

Apple Inc. (AAPL) $321.94 1.98%

International Business Machines Corporation (CDI) (IBM) $291.14 1.84%

Visa Inc. (V) $355.22 1.79%

American Express Co. (AXP) $356.48 1.66%

Walt Disney Co. (DIS) $96.98 1.50%

Verizon Communications Inc. (VZ) $42.62 1.18%

3M Co. (MMM) $158.85 0.82%

Dow Jones - Fallers

Intel Corp. (INTC) $103.43 -3.55%

Caterpillar Inc. (CAT) $935.00 -1.31%

Boeing Co. (BA) $219.44 -1.12%

Amgen Inc. (AMGN) $359.85 -0.93%

Microsoft Corp. (MSFT) $389.63 -0.64%

JP Morgan Chase & Co. (JPM) $335.98 -0.15%

McDonald's Corp. (MCD) $274.49 -0.15%

Goldman Sachs Group Inc. (GS) $1,050.40 -0.10%

S&P 500 - Risers

Mattel Inc. (MAT) $14.02 6.54%

LyondellBasell Industries (LYB) $58.88 4.17%

DENTSPLY Sirona Inc. (XRAY) $12.48 4.16%

Harley-Davidson Inc. (HOG) $26.08 4.12%

Marathon Petroleum Corporation (MPC) $294.70 4.08%

HF Sinclair Corporation (DINO) $81.33 4.06%

Hasbro Inc (HAS) $80.36 4.03%

ConAgra Brands Inc (CAG) $14.40 4.01%

Valero Energy Corp. (VLO) $291.52 3.95%

Dxc Technology Company (DXC) $9.75 3.92%

S&P 500 - Fallers

Coterra Energy Inc. (CTRA) $32.56 -8.62%

Micron Technology Inc. (MU) $913.37 -6.18%

Western Digital Corp. (WDC) $535.28 -5.79%

Corning Inc. (GLW) $180.51 -5.58%

NetApp Inc. (NTAP) $161.93 -4.97%

Seagate Technology Plc (STX) $843.68 -4.47%

Transdigm Group Inc. (TDG) $1,231.04 -4.01%

Nektar Therapeutics (NKTR) $67.47 -4.00%

Akamai Technologies Inc. (AKAM) $124.63 -3.91%

Fortinet Inc. (FTNT) $156.48 -3.76%

Nasdaq 100 - Risers

Vodafone Group Plc ADS (VOD) $15.33 4.90%

DENTSPLY Sirona Inc. (XRAY) $12.48 4.16%

Hasbro Inc (HAS) $80.36 4.03%

T-Mobile Us, Inc. (TMUS) $189.43 3.92%

O'Reilly Automotive Inc. (ORLY) $87.82 3.79%

Mercadolibre Inc. (MELI) $1,893.00 3.64%

Mondelez International Inc. (MDLZ) $60.30 3.63%

Intuit Inc. (INTU) $286.51 3.51%

Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $482.98 3.17%

JD.com, Inc. (JD) $29.25 2.96%

Nasdaq 100 - Fallers

Qvc Group Inc Series A (QVCGA) $0.34 -13.49%

Micron Technology Inc. (MU) $913.37 -6.18%

Western Digital Corp. (WDC) $535.28 -5.79%

Seagate Technology Plc (STX) $843.68 -4.47%

Intel Corp. (INTC) $104.07 -3.66%

Gilead Sciences Inc. (GILD) $129.40 -3.30%

Tesla Inc (TSLA) $396.55 -3.24%

Check Point Software Technologies Ltd. (CHKP) $133.82 -3.17%

Lam Research Corp. (LRCX) $329.17 -3.13%

Illumina Inc. (ILMN) $186.80 -2.44%