Major stock indexes concluded the day in negative territory as a busy week of earnings commenced, while oil prices experienced an uptick following President Donald Trump’s assertion that Iran “will pay” for the deaths of American soldiers. The blue-chip Dow Jones Industrial Average, benchmark S&P 500, and tech-focused Nasdaq Composite closed down by 0.6%, 0.2%, and less than 0.1%, respectively. All three began the day with gains before experiencing a decline as the session advanced. Last week, the Nasdaq experienced a decline of 2.9%, the S&P 500 saw a decrease of 1.6%, and the Dow recorded a fall of 0.9%. This development signifies the first instance since the week of June 5 in which all three indices reported weekly losses.

Earnings season intensifies this week, with members of the Magnificent Seven, Alphabet and Tesla, both reporting results after the closing bell Wednesday. Four members of the septet experienced gains on Monday, following a Friday where all but Apple ended in negative territory, marking the second consecutive day that technology stocks exerted downward pressure on the markets. Semiconductor and memory stocks experienced a modest increase after reducing earlier gains, with the iShares Semiconductor ETF and Roundhill Memory ETF concluding the day with gains of less than 1% each. Warner Bros. Discovery and Paramount Skydance shares declined roughly 4% and 2%, respectively, after a federal judge temporarily blocked the latter from acquiring the former following an antitrust lawsuit filed by several states.

Elsewhere, U.S.-listed shares of Alibaba Group rose nearly 5% after the Chinese tech giant unveiled its Qwen3.8 Max AI model, which it stated was second only to Anthropic’s Fable 5. On Friday, reports emerged regarding an advanced model launched by the Chinese startup Moonshot AI, leading to a decline in tech stocks. Shares of AMC Entertainment surged 26%, while Domino’s Pizza experienced a 2% increase, following the release of their second-quarter results prior to the market opening. Oil prices experienced an uptick early Monday following the fatalities of three American servicemen over the weekend due to Iranian military strikes, alongside ongoing U.S. assaults on Iranian infrastructure. They declined following a statement from an Iranian spokesman indicating that intermediaries between the nations were still exchanging messages.

However, they rebounded after Trump posted on Truth Social that “every time Iran kills an American Soldier they will pay for that killing many times over!” At 4 p.m., West Texas Intermediate futures, the U.S. benchmark, experienced an increase of 0.7%, trading just above $83 a barrel. Meanwhile, Brent crude futures, the global benchmark, rose by 1%, hovering around $89 a barrel. The 10-year Treasury yield, a critical determinant of interest rates across various consumer loans such as mortgages, stood at approximately 4.60%, reflecting an increase of about five basis points from the previous Friday’s closing value. Bitcoin was trading around 65,100, up over the past 24 hours. The U.S. dollar index, which monitors the value of the greenback relative to a selection of foreign currencies, increased by 0.2% to 100.94. Gold futures declined by 0.1%, settling at $4,015 per ounce.