S&P 500 dips 0.1% as memory stocks and commodities weigh, while travel shares rally on lower oil prices.
US equities closed mixed as a broad commodities selloff pressured markets, though late buying limited losses. The S&P 500 fell 0.1%, while the Nasdaq declined 0.5% and the Dow Jones Industrial Average rose 0.3%. The Russell 2000 ended flat.
Memory stocks led decliners, with Micron down 2.2% and Nvidia off 1.2%. Commodity-linked sectors also weakened as gold, silver, and oil prices tumbled. Travel stocks bucked the trend, with Booking Holdings and American Airlines surging over 7% as oil retreated to pre-war levels.
Advancers outpaced decliners, signaling selective buying despite the broader downturn. Investors await Micron’s earnings report for further direction.