Update: US Equity Indexes Mixed After Ukraine-Russia Energy Ceasefire Struggles to Take Off

MT Newswires Live00:19

(Updates with index/price moves and geopolitical news from the first paragraph.)

US equity indexes traded mixed as heavyweight sectors, technology and consumer discretionary, declined in midday trading Monday amid reports of strikes between Russia and Ukraine sending crude oil higher.

The Nasdaq Composite fell 0.2% to 27,309.3, the S&P 500 rose less than 0.1% to 7,815.6, while the Dow Jones Industrial Average climbed 0.4% to 51,883.1.

All but two sectors rose, with communication services and energy topping the gainers.

Oil prices advanced following reports of Russian strikes targeting energy facilities in Ukraine, after President Donald Trump announced Sunday an energy ceasefire between the countries to help control burgeoning diesel prices. "Effective immediately, there is an ENERGY CEASEFIRE in the War between Russia and Ukraine," Trump posted on Truth Social. "Both parties have agreed. Do not break it!"

Shortly after Trump's announcement, Russia "launched a targeted strike on a power plant in Kharkiv, causing further damage to our energy system," CNN cited Zelensky as saying. Zelensky also said Russia targeted six energy facilities in Ukraine, according to a BBC report.

Front-month US West Texas Intermediate crude oil contract jumped 2.1% to $93.79 per barrel, and global benchmark Brent advanced 2% to $106.77 per barrel.

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