Wall Street opened the week still in negative territory as tensions in the Middle East continued to ripple across global markets.

• State Street Technology Select Sector SPDR ETF stock is showing upward bias. What should traders watch with XLK?

WTI crude was up about 6% to $97 per barrel, while Brent climbed to $98.31, though both benchmarks trimmed larger overnight gains in futures trading amid growing expectations of emergency policy responses.

U.S. President Donald Trump is expected to announce a series of measures aimed at easing the surge in oil prices as soon as today. Among the options under consideration is a coordinated release of strategic petroleum reserves by G7 countries, highlighting the seriousness with which major economies are approaching the risk of a prolonged supply disruption.

Geopolitical tensions also escalated further. On Monday, NATO intercepted an Iranian ballistic missile heading toward Turkey, the alliance's southeastern flank — a development that signals rising concern that the regional conflict could expand beyond its original theater.

By midday trading in New York, the S&P 500 fell 0.5% to around 6,700 points and the Dow Jones Industrial Average dropped 400 points, or 0.8%, to 47,100.

The Nasdaq 100 declined 0.1% to 24,610 and the Russell 2000 dropped 1.2% to 2,500. The Cboe Volatility Index eased 6.6% to 27.53.

The Technology Select Sector SPDR Fund (NYSE:XLK) and the Energy Select Sector SPDR Fund (NYSE:XLE) were the session’s only two sectors in positive territory, gaining 0.3% and 0.2%, respectively.

Gold slipped 1.2% to $5,096.54 per ounce as the dollar firmed. Natural gas futures fell 1.6% to $3.14. Bitcoin (CRYPTO: BTC) rose 2.5% to $68,893.40,

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

According to Benzinga Pro data:

• The Vanguard S&P 500 ETF (NYSE:VOO) fell 0.4%.
• The SPDR Dow Jones Industrial Average ETF (NYSE:DIA) fell 0.8%.
• The tech-heavy Invesco QQQ Trust Series (NASDAQ:QQQ) was up 0.28%.
• The iShares Russell 2000 ETF (NYSE:IWM) traded 1.2% lower.

Russell 1000’s Top 5 Gainers And Losers On Monday

Top Gainers

Top Losers