US stocks hover near their latest record in mixed trading on Wall Street

NEW YORK (AP) — Stocks kicked off a busy week on Monday with mixed trading on Wall Street that is keeping the market hovering around its all-time high.

The S&P 500 was mostly unchanged and is trading around its record set last week. The Dow Jones Industrial Average rose 91 points, or 0.2%, as of 9:58 a.m. Eastern time. The Nasdaq composite was fell 0.1%.

Energy stocks had some of the biggest gains as oil prices jumped. Exxon Mobil rose 1.8% and Chevron rose 1.9%.

Technology stocks were the biggest weights on the market. Micron Technology fell 4.2% and Advanced Micro Devices fell 1.8%. They are among several companies in the sector with big stock values that tend to have a heavy influence on the market.

The price of Brent crude, the international standard, jumped 2.1% to $106.95 per barrel. Prices have been swinging between $96 and nearly $110 over the last month over uncertainty about when the U.S. war with Iran and its continued impact on global energy supplies and inflation.

Prices jumped despite President Donald Trump's announcement on social media Friday that he struck a deal to buy Russian diesel with Russian President Vladimir Putin, aiming to tamp down a spike in fuel prices ahead of the Nov. 3 U.S. midterm elections. The plan, though, runs counter to U.S. efforts to cut the flow of money Russia gets from oil and gas sales that can be used to pay for its war against Ukraine.

The surge in energy prices and its impact on the broader economy will be a key focus this week as Wall Street reviews several important economic updates. They include fresh data on the housing market, inflation and retail sales. The latest round of corporate earnings updates ramps up this week with financial results from banks, including Citigroup, JPMorgan Chase and Wells Fargo.

U.S. bond trading was closed for the Columbus Day holiday.

Markets in Europe gained ground and markets in Asia were mostly lower. Markets in Tokyo were closed for a holiday.

AP Business Writers Michelle Chapman and Elaine Kurtenbach contributed to this report.

Options traders, including Marty Handler, foreground, and Matt Hefter, right, work on the floor of the New York Stock Exchange, Thursday, Oct. 8, 2026, in New York. (AP Photo/Yuki Iwamura)

FILE - Commuters emerge from a Wall Street subway station in New York's Financial District on Wednesday, Oct. 30, 2024. (AP Photo/Peter Morgan, File)

FILE - An entrance to the New York Stock Exchange is shown on June 26, 2024, in New York. (AP Photo/Peter Morgan, File)

A currency trader passes by a screen showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Monday, Oct. 12, 2026. (AP Photo/Ahn Young-joon)

Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Monday, Oct. 12, 2026. (AP Photo/Ahn Young-joon)

Currency traders work at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Monday, Oct. 12, 2026. (AP Photo/Ahn Young-joon)

WASHINGTON (AP) — Federal agents on Monday searched the home of Democratic U.S. Rep. Ilhan Omar, a frequent target of Trump administration criticism, as part of a criminal investigation, according to two people familiar with the matter.

The search was conducted by Homeland Security Investigations agents, said the people, who were not authorized to publicly discuss an ongoing investigation and spoke to The Associated Press on the condition of anonymity. More details about the investigation were not immediately clear, though Vice President JD Vance has in the past accused Omar of committing immigration fraud — an allegation she has denied — and has said he and a top White House official were trying to figure out how to investigate the Minnesota congresswoman.

An email seeking comment was sent Monday to a representative for Omar.

The Justice Department said in a statement Monday that HSI agents executed a judicially authorized search warrant secured by the department in the Washington, D.C., area but provided no other details. The street was blocked off Monday morning as HSI agents remained near the home.

“This enforcement action is part of an ongoing federal criminal investigation,” the department said.

A spokesperson for the Department of Homeland Security, of which Homeland Security Investigations is part, referred questions about the search to the Justice Department.

Omar represents Minnesota’s 5th District, including Minneapolis. She was first elected to the House in 2018 and has been a member of what's called The Squad of female lawmakers known for their progressive views and pointed opposition to President Donald Trump, a Republican.

Republicans have raised questions about Omar's past since before she was even elected, including asserting that she had married her brother and committed immigration fraud. Omar has broadly denied the allegations as “disgusting lies.”

“It certainly seems like something fishy is there, but everybody's entitled to equal justice under the laws,” Vance told reporters in May. “So we're going to investigate it. We're going to take a look at it. If we think there's a crime, we're going to prosecute that crime.”

In a separate interview with conservative podcaster Benny Johnson, Vance said without offering evidence that “we actually think that Ilhan Omar definitely committed immigration fraud against the United States of America.”

He said that he and deputy White House chief of staff Stephen Miller had been discussing it and “trying to look at what the remedies are.”

“That’s the thing that we’re trying to figure out," he said. "What are the legal remedies now that we know that she’s committed immigration fraud. How do you go after her? How do you investigate her? How do you actually do the thing? How do you build the case necessary to get some, some, some justice for the American people?”

Omar’s office in March dismissed Vance’s claims as fabricated and defamatory.

“This is rich coming from someone who literally said they were willing to ‘create stories’ to redirect the media,” Omar’s chief of staff, Connor McNutt, said in a statement.

“This is a ridiculous lie and desperate attempt to distract from the pedophile protection party’s unpopular war of choice, increasing gas prices, and rapidly dropping polling numbers,” McNutt said of the vice president’s allegations and comments.

Associated Press writers Eric Tucker, Michelle L. Price and River Zhang in Washington, Kathy McCormack in Concord, N.H., Mike Catalini in Morrisville, Pa., and Meg Kinnard in Columbia, S.C., contributed.

FILE - Rep. Ilhan Omar, D-Minn., speaks during a news conference on Jan. 28, 2026, in Minneapolis. (AP Photo/Adam Gray, File)

FILE - Rep. Ilhan Omar, D-Minn., listens during a Congressional spotlight hearing on Capitol Hill, Sept. 22, 2026, in Washington. (AP Photo/Mark Schiefelbein, File)

Rep. Ilhan Omar, D-Minn., takes questions during a news conference at the Capitol in Washington, Jan. 13, 2026. (AP Photo/J. Scott Applewhite, File)