S&P 500 and Nasdaq hit records, Dow falls for third straight day

The main U.S. stock index S&P 500 and "technological" Nasdaq Composite set new records at the close of trading on April 27. At the same time, the Dow Jones blue-chip index declined for the third day in a row, while Brent crude oil rose above $109 per barrel during the day.

- The broad market index S&P 500 added 0.12% at the end of trading on April 27 and reached 7173.91 points. This is a new record at the close. During the day, the index climbed even higher to 7178.74 points, an all-time record. The S&P 500 is on track for its best month since 2020, Bloomberg noted.

- The Dow Jones fell 0.13% to 49,167.79 points.

- The Nasdaq Composite rose 0.2% (adding 50.5 points) to close at 24,887.1

- The Russell 2000 index of small and mid-capitalization companies rose a slight 0.04% (adding 1.18 points) to close at 2,788.19 points.

- The CBOE Volatility Index (VIX) fell 3.7% to about 18 points. The psychologically important mark indicating high volatility is considered to be 20.

- Brent crude futures were up 2.7% to $108.2 a barrel and WTI crude futures were up 2.2% to $96.5 a barrel.

- Gold cheapened 0.6% to $4679.9 a troy ounce.

- Bitcoin fell 1.6 percent overnight, dropping below $77,000.

Monday's gains were limited due to oil prices, which resumed rising due to stalled US-Iran peace talks and escalation in the Strait of Hormuz, critical to global oil exports, CNBC wrote. U.S. President Donald Trump over the weekend refused to send a U.S. delegation to regular talks with Iran in Pakistan.

US Secretary of State Marco Rubio said on Monday that Iran wants to retain control of the strait, which is unacceptable to Washington. Tehran has sent the US a new proposal implying the opening of the Strait of Hormuz on the condition that the US blockade is lifted and the war ends: Trump discussed it on Monday with the National Security Council, White House spokeswoman Caroline Leavitt confirmed.

Several tech giants are expected to release their quarterly results this week: Amazon, Alphabet, Microsoft and Meta will report quarterly results on Wednesday, April 29, and Apple will report on Thursday, April 30. The reports will test the sustainability of the April stock rally, according to Bloomberg.

"Given the recent focus of market growth on artificial intelligence, the Magnificent Seven's forecast and capital expenditure plans will be key to maintaining momentum," Navellier & Associates founder and chief investment officer Louis Navellier said in a Bloomberg statement.

This article was AI-translated and verified by a human editor