The three major indexes on Wall Street opened lower on profit-taking.
As of 10:16 a.m. on the 29th (local time), the Dow Jones Industrial Average on the New York Stock Exchange fell 181.67 points, or 0.37%, from the previous session to 48,529.30. The Standard & Poor's (S&P) 500 dropped 28.51 points, or 0.41%, to 6,901.43, and the Nasdaq composite declined 156.61 points, or 0.66%, to 23,436.48.
Stocks fell as profit-taking emerged, led by technology shares. Nvidia and Oracle each fell 1.97% and 1.34%, and Broadcom dropped 1.07%. Nvidia rose more than 5% last week, and Oracle and Broadcom also climbed more than 3% over the same period.
By sector, technology and communications were weak, while energy and real estate were strong. Shares of DigitalBridge, a data center investment firm, jumped more than 30% on news that SoftBank is in final talks to acquire DigitalBridge.
Coupang rose nearly 2% on news that it proposed compensating registered members harmed by a personal data breach with shopping vouchers worth a total of 50,000 won.
Praxis Precision Medicines, a clinical-stage biopharmaceutical company, surged more than 30% after ulixacaltamide, for the treatment of essential tremor, was designated a breakthrough therapy by the Food and Drug Administration (FDA).
European stocks were mostly flat. The Euro Stoxx 50 was up 0.02% from the previous session at 5,747.27. The U.K. FTSE 100 and France's CAC 40 each rose 0.04% and 0.11%. Germany's DAX fell 0.08% from the previous session.
International oil prices gained on attention to the possibility of a cease-fire agreement between Russia and Ukraine. At the same time, West Texas Intermediate (WTI) for February 2026 delivery, the front-month contract, was up 2.40% from the previous session at $58.10 a barrel.