Dow, S&P 500 slip as oil hovers near $100 despite Nasdaq’s record close
Economic Times 1d ago·22 Sept 2026, 8:21 pm
Global equity markets experienced a split session on Monday, with the Dow Jones Industrial Average and the S&P 500 slipping into the red. This decline came despite the Nasdaq Composite hitting a record closing high. The primary driver of this divergence was the energy sector, as crude oil prices hovered near the $100 per barrel mark. This price level has rekindled fears of persistent inflation and higher fuel costs, which can squeeze corporate profits and dampen consumer spending.
For investors, this mixed market signals a period of caution. While the rally in the Nasdaq, driven by AI and tech stocks, shows strong growth momentum, the pressure on oil prices suggests that inflationary risks remain a significant headwind. Market participants will closely watch whether the rally in technology can sustain itself against the backdrop of rising energy costs and potential interest rate adjustments.
Key takeaways
- Category: Stocks.
- Flagged as a high-impact, market-moving story.
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