It's a mixed start to the week on Wall Street, with technology stocks dragging down the Nasdaq 100 and S&P 500 indices, while blue-chip stocks in the Dow Jones Industrial Average reached new all-time highs during the morning session in New York as traders weighed the latest surge in global geopolitical risks.

Oil prices surged by 3% due to escalating tensions in the Middle East between Israel and Hezbollah, coupled with supply disruptions in Libya, where a government faction halted oil production.

The Dow reached 41,420 points around 10:30 a.m. E.T., marking fresh record highs before retreating slightly and advancing by only 0.1% by midday trading in New York. Small caps managed to book modest gains, with the Russell 2000 up 0.3%.

Semiconductors were the weakest segment within the broader tech sector, with the iShares Semiconductor ETF (NYSE:SOXX) dropping 2.3%, ahead of NVIDIA Corp.'s (NASDAQ:NVDA) highly anticipated earnings report, scheduled for release on Wednesday after the close.

Treasury yields remained broadly steady, while the U.S. dollar attracted some safe-haven demand, gaining ground against all major currencies.

In commodities, gold and silver prices held steady, copper edged up 0.3%, while natural gas prices dropped over 3%, on track for a fourth consecutive session of declines.

Bitcoin (CRYPTO: BTC) fell 1% to $63,613.

Monday’s Performance In Major U.S. Indices, ETFs

According to Benzinga Pro data:

Monday’s Stock Movers

• PDD Holdings Inc. (NASDAQ:PDD) plummeted 29% after reporting weaker-than-expected quarterly results and revenue guidance.
• Petroleo Brasileiro SA (NYSE:PBR) rallied over 6% after Morgan Stanley upgraded the Brazilian state-run oil company to Overweight raising the price target for Petrobras’ American Depositary Receipts shares from $18 to $20.

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