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U.S. stocks slipped at midday Monday as oil prices jumped and the 10-year Treasury yield climbed to its highest level since 2007, after President Donald Trump rejected Iran’s proposal to reopen the Strait of Hormuz and end the months-long standoff. Iran’s proposal to reopen the vital Hormuz waterway was rejected over t
U.S. stocks were mixed Monday as AI hardware shares sold off and cyber names gained after weekend remarks from Anthropic, OpenAI and xAI leaders calling for a slower pace of model development. The 10-year Treasury yield briefly touched 5% and WTI crude rose 2.4% to $102.43.
Cybersecurity shares jumped sharply after strong AI-demand optimism, while Nvidia rose 9% on a forecast for roughly 70% revenue growth next fiscal year. Technology was the only S&P 500 sector in the green midday.
Synopsys rose 8.5% to $445.06 after reporting third-quarter earnings of $3.91 a share and revenue of $2.48 billion, both above estimates, while raising its outlook.
CRWD +8.4% OKTA +7.4% PANW +5% ZS +5.4% as Security software the leaders in the space while application, SaaS, enterprise names remain weak on IBM results