Warner Bros. Discovery rose 3 per cent and Netflix fell 0.8 per cent.
Dominion Energy slipped 4.7 per cent after the Trump administration said it is pausing leases for five large-scale offshore wind projects. They include Dominionโs Coastal Virginia Offshore Wind project.
Gold and silver touched records and oil prices jumped after the US Coast Guard said it was pursuing another sanctioned oil tanker in the Caribbean.
Gold prices rose 1.9 per cent and are hovering around $US4,470 per ounce, adding to their consistent gains throughout the year. Silver prices were up about 1.6 per cent.
Crude oil prices in the US rose 2.2 per cent and prices for Brent crude oil, the international standard, rose 2.2 per cent.
Treasury yields edged higher in the bond market. The yield on the 10-year Treasury rose to 4.16 per cent from 4.15 per cent late Friday.
Markets in Asia gained ground while markets in Europe slipped.
Markets in the US will close early on Wednesday for Christmas Eve and remain closed on Thursday for Christmas. The short week for trading includes several economic reports that could shed more light on the condition and direction of the US economy.
On Tuesday, the government releases the first of three estimates on gross domestic product, a reflection of how the broader US economy fared in the third quarter. On Wednesday, the Labor Department will release its weekly data on applications for jobless benefits, which stands as a proxy for US layoffs.
The Conference Board offers up results from its December consumer confidence survey on Tuesday as well.
The upcoming reports follow a mix of updates last week that show inflation remains elevated and consumer confidence has diminished over the last year. Overall, the job market has been slowing and retail sales have weakened.
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The ongoing and wide-ranging US trade war has been hanging over consumers and businesses already squeezed and worried by higher prices. The mix of stubbornly high inflation and a weaker jobs market has also put the Federal Reserve in a more difficult policy position moving forward.
The Fed has cut its benchmark interest rate at its last three meetings, despite inflation that has remained stubbornly above its 2 per cent target. Fed officials have grown increasingly concerned about the slowing job market, pushing them to trim rates. Cutting interest rates to bolster the economy because of a weak job market could fuel inflation, however.
Wall Street is mostly betting that the Fed will hold steady on interest rates at its meeting in January.
