New York, August 25: US stock markets ended mixed on Monday as a sharp sell-off in semiconductor shares dragged technology stocks lower, while investors assessed new US economic measures against Iran and fresh tariff warnings involving Canada.
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The Dow Jones Industrial Average gained 140.15 points, or 0.26 per cent, to close at 53,417.16. The S&P 500 declined 21.51 points, or 0.28 per cent, to 7,652.86, while the Nasdaq Composite fell 200.26 points, or 0.77 per cent, to 25,980.19.
Semiconductor stocks faced strong selling pressure during the session, weighing heavily on the technology sector and pushing the Nasdaq to its lowest level in around three weeks.
Investors also remained focused on geopolitical developments after the United States announced new economic sanctions related to Iran. The measures added to uncertainty over global trade and economic conditions.
Fresh tariff warnings involving Canada also kept investors cautious, particularly in sectors exposed to cross-border trade. Market participants are assessing the possible impact of higher tariffs on companies, supply chains and corporate earnings.
Trading remained relatively cautious as the global economic calendar was light. Crude oil prices moved lower during the session, although losses were limited by weakness in the US dollar.
Investors are now turning their attention to upcoming economic data and corporate developments for clearer signals on the direction of the US market. Technology earnings, inflation trends, interest-rate expectations and geopolitical developments are expected to remain key factors influencing market sentiment.