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Key PointsBroadcom stock is currently more than 23% off its peak, even though its business is booming.
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The major averages fell Monday, but notched gains for the month.
The major averages fell Monday, but notched gains for the month.
Oil pushed higher after the biggest gain in three weeks on Monday as fresh hostilities between the US and Iran raised concerns about prolonged disruptions to energy flows through the Strait of Hormuz.
Stocks in Asia are set to follow Wall Street lower as renewed geopolitical tensions lifted oil prices, reviving inflation concerns and the prospect of further monetary tightening.
