US stocks were mixed on Monday, with the Nasdaq underperforming while the Dow advanced and the S&P 500 was little changed. Most sectors finished in the green, led by Energy and Communication Services, while Technology and Consumer Discretionary lagged, weighing on the Nasdaq. Technology stocks were pressured by weakness in chip and memory names, particularly Micron (MU), after China’s CXMT announced technological progress on a denser memory chip design, raising concerns over increased competition in the sector. Nonetheless, it was a relatively quiet session amid the Columbus Day federal holiday, although much of the newsflow centred on geopolitical and energy…
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