Global equities ended Monday's session mixed, with U.S. benchmarks slipping modestly even as energy stocks rallied on rising oil prices tied to the ongoing Strait of Hormuz standoff. The S&P 500 closed roughly flat, while the Nasdaq Composite and Dow Jones Industrial Average each fell about 0.28%, pulling back from Friday's record close as investors weighed a stronger-than-expected but narrow rally in energy shares against broader softness elsewhere in the market. The Invesco QQQ Trust, which tracks the tech-heavy Nasdaq-100, managed a slight gain on strength in semiconductor and AI-related names even as the broader S&P 500 and Dow-tracking ETFs slipped fractionally. Earnings season entered its final stretch Monday, with nearly 90% of S&P 500 companies having reported second-quarter results, according to BofA analysts. JPMorgan strategists have raised their 2026 EPS estimate to $365 and lifted their S&P 500 price target to 8,000 from 7,800, following the index's Friday record close of 7,758.