Dow Climbs as Profit-Taking Pressures Nasdaq

Schaeffers
2026.05.18 20:37
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Stocks closed mixed with the Dow gaining while the Nasdaq fell due to a selloff in technology stocks, particularly Seagate and Micron. Investors are monitoring oil prices and Treasury yields amid rising Middle East tensions. Oil prices increased by 3.1% to $108.66 per barrel, while gold prices slightly decreased. Notable events include Elon Musk's lawsuit loss against OpenAI and NextEra's merger with Dominion Energy.