The Nasdaq Composite underperformed on Monday as technology stocks faced headwinds. Broader market sentiment was mixed, with the Dow Jones Industrial Average and S&P 500 showing resilience while the tech-heavy Nasdaq struggled to stay positive.

Tech Sector Woes

Several factors contributed to the tech sector’s downturn, including:

• Concerns about rising interest rates impacting growth stocks.
• Profit-taking after a strong run in the sector earlier in the year.
• Some disappointing earnings reports from key tech companies.

Energy Stocks Provide Support

Energy stocks were a bright spot in the market, benefiting from rising crude oil prices. Positive developments in the energy sector helped to offset some of the negative pressure from technology.

Market Outlook

Analysts are closely watching economic data and Federal Reserve policy for further clues about the direction of interest rates. The market’s performance in the coming weeks will likely depend on these factors, as well as corporate earnings and geopolitical developments.