US benchmark equity indexes are on track to close mixed Monday, as investors parsed the trade deal between the US and the EU.
In the US-EU trade framework deal, the US plans to levy a 15% tariff on European goods imports, less than half of certain rates that had been under discussion. The world's largest trading bloc also agreed to purchase $750 billion of US energy over three years.
The Dow Jones Industrial Average was down 0.3% to 44,779.22, while the S&P 500 fell 0.1% to 6,379.75. Nasdaq Composite gained 0.2% to 21,142.46. Among sectors, energy led the gainers while materials rallied the decliners.
Super Micro Computer (SMCI) shares were up 9.7%, the top gainer on the S&P 500. Digi Power said it has filed a provisional utility patent application for AI-Ready Modular Solution 200 platform, which it is developing in collaboration with Super Micro Computer.
Nike (NKE) was the second-top gainer on the S&P 500, up 3.5%. JPMorgan upgraded its rating on the athletic footwear and apparel maker's stock to overweight from neutral and raised the price target to $93 from $64.
Revvity (RVTY) shares sank 8.8%, the second-worst S&P 500 performer, after the company lowered its full-year earnings outlook.
The 10-year US Treasury yield was up 2.6 basis points to 4.42%, while the two-year rate decreased 0.4 basis points to 3.94%.
September West Texas Intermediate crude oil rose 2.6% to $66.85 a barrel.