US STOCKS — Wall Street mixed as oil prices surge, investors await earnings, economic data

46% Tech leads sector losers, energy leads sector gains Salesforce gains after BofA Global Research turns bullish Chipotle falls after Starbucks says not buying it Microsoft back as $4 trillion company after a year By Sinéad Carew and Ragini Mathur Oct 12 (Reuters) — US stock indexes were a mixed bag on Monday as oil prices touched their highest in almost two weeks and technology stocks fell as investors waited for third-quarter earnings season and a raft of key economic releases due later this week. US crude futures jumped more than 2% and Brent futures were above $106 a barrel after deadly strikes on Riyadh's international airport over the weekend.

The attacks overshadowed the prospect of increased supplies after US President Donald Trump hailed fresh Russian diesel exports and talked about a Russia-Ukraine ceasefire on energy targets. In coming days, investors will focus on corporate earnings, with major US banks including Goldman Sachs, Citigroup and JPMorgan Chase reporting early on Tuesday. 6% in the third quarter, Also due this week are September readings for US consumer and producer inflation data as well as retail sales data.

While the US Treasury market was closed on Monday for Columbus Day, stock investors have been wary of bond yields' recent advance to 24-year highs as elevated energy prices have stoked inflation concerns. "Looking out further in the week, we have some big economic reports," said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York. He said investors were cautious due to a lack of direction from bonds. "We're also waiting on earnings and that's significant.

The four large banks reporting on Tuesday can have a big impact," he said. m. 09. 4%.

3%, with a boost from Meta, which added more than 4%. Technology and consumer discretionary were the only two sectors in the red. Technology was the biggest decliner, down roughly 1% with weakness most pronounced among chip stocks. 6% after hitting a three-week low.

6%. One of its top losers was Chipotle Mexican Grill, down 5% after Starbucks said it was not buying the burrito chain. 9%. Earlier its market capitalization rose above $4 trillion for the first time in a year following its announcement of plans for a major deployment of its own AI chips.

" EBay gained more than 4% after Morgan Stanley added the stock to its top-pick list. Meanwhile, Cleveland Federal Reserve President Beth Hammack said on Monday the US central bank should move "relatively quickly" to a restrictive monetary policy stance to fight inflation, which she feels has become more broad-based and is starting to influence firms' price-setting plans. Markets are pricing in just a 19% chance the US Federal Reserve will raise interest rates this month, according to CME's FedWatch tool. 01-to-1 ratio on the NYSE where there were 122 new highs and 214 new lows.

52-to-1 ratio. The S&P 500 posted 10 new 52-week highs and 5 new lows while the Nasdaq Composite recorded 47 new highs and 277 new lows. com;)