US stock markets closed mostly lower on Monday, with energy prices retreating alongside broader equity weakness.
The session was defined by divergent performance in the technology sector, where SpaceX shares plunged by double-digit percentages, dragging down sentiment among growth-oriented investors.
In contrast, Micron Technology continued its upward trajectory, climbing further as traders positioned ahead of the company’s upcoming quarterly earnings report.
The memory chip maker’s strength highlighted selective buying interest in semiconductor names despite the broader market headwinds.
The small-cap segment bucked the negative trend, with the Russell 2000 index reaching a new record high.
This divergence suggests that domestic-focused smaller companies are benefiting from improving risk sentiment, potentially supported by easing geopolitical tensions in the Middle East and a pullback in oil prices that has reduced input cost pressures.