News Summary

• US stocks closed mixed on Monday as semiconductor stocks fell and Treasury Secretary Scott Bessent announced expanded sanctions on Iran.
• The S&P 500 declined by about 0.3%, and the tech-heavy Nasdaq Composite dropped roughly 0.8%.
• The Dow Jones Industrial Average ( ^DJI ) was the lone index in the green after the major indexes posted weekly declines.
• The shift in the US's approach to the Middle East standoff comes after US-Canada trade talks broke down over the weekend, and the US imposed new tariffs on Canadian goods.