US equity markets lost momentum on Monday as the Nasdaq Composite and S&P 500 approached key technical resistance levels.
The indices struggled to extend recent gains, weighed down by a combination of geopolitical uncertainty and cautious positioning ahead of major corporate earnings reports.
Selling pressure persisted across the session, with investors remaining wary of the fallout from weekend military strikes between the United States and Iran.
The geopolitical backdrop has intensified risk aversion, particularly in the technology sector, which has led declines in recent trading sessions.
Large-cap tech shares continued to underperform as traders assessed the potential for broader supply chain disruptions and elevated energy costs.
The market's hesitation reflects a broader shift in sentiment following a week of broad-based weakness.