NEW YORK, June 8 (Xinhua) -- U.S. stocks ended mixed on Monday, as investors bought into selected technology shares amid renewed interest in the AI sector.
The Dow Jones Industrial Average fell 80.77 points, or 0.16 percent, to 50,786.01. The S&P 500 added 21.99 points, or 0.3 percent, to 7,405.73. The Nasdaq Composite Index rose 220.23 points, or 0.86 percent, to 25,929.66.
Eight of the 11 primary S&P 500 sectors closed lower, with utilities and real estate leading the declines at 1.92 percent and 1.63 percent, respectively. Technology and energy were the top performers, rising 1.47 percent and 1.14 percent.
The Nasdaq staged a rebound as Nvidia CEO Jensen Huang and other industry leaders suggested the recent tech sell-off could present a buying opportunity in the AI trade. Micron Technology surged almost 10 percent, while Nvidia advanced 1.73 percent.
Apple fell 1.89 percent after the company kicked off its annual Worldwide Developers Conference with a keynote address. Executives unveiled a significantly enhanced version of Siri featuring major artificial intelligence upgrades, along with the new iOS 27 operating system for iPhones.
Meanwhile, oil prices rose following renewed tensions in the Middle East.
West Texas Intermediate crude for July delivery increased by 0.76 U.S. dollars, or 0.84 percent, to settle at 91.30 dollars per barrel on the New York Mercantile Exchange. Brent crude for August delivery rose 1.16 dollars, or 1.25 percent, to settle at 94.25 dollars per barrel on the London ICE Futures Exchange.
In the week ahead, investors will focus on key inflation data releases and the highly anticipated public debut of Elon Musk's SpaceX on Friday. The offering is expected to be one of the largest in Wall Street history and could serve as a significant test of current valuations in the AI and space technology sectors.
