Global stocks held near record highs Monday as AI-fueled corporate results outweighed escalating U.S.-Iran tensions driving oil prices higher.
The U.S. struck Iranian military sites over the weekend; Iran's Revolutionary Guards retaliated against a U.S. base. Iran also halted indirect talks with the U.S. after Israel deepened its incursion into Lebanon against Hezbollah.
On Wall Street, the S&P 500 hovered near record levels as energy and tech stocks gained. The Dow fell 0.43%, the S&P 500 slipped 0.05%, and the Nasdaq rose 0.11%.
Nvidia unveiled a new chip bringing AI capabilities to laptops and desktops, intensifying competition among semiconductor firms.
Brent crude surged nearly 7% to $97.43 a barrel.