Wall Street Recovers as Tech Bounces and Tensions Ease
The S&P 500 and Nasdaq rose on Monday as investors returned to technology shares following a sharp selloff. Markets found support after Iran and Israel signaled a pause in direct attacks, which helped oil prices retreat from their session highs while the dollar eased from recent peaks.
United States technology stocks led a market recovery on Monday as Iran and Israel signaled a pause in direct military strikes. The S&P 500 rose 21.99 points, or 0.30%, to 7,405.73, recovering from a sharp selloff triggered by interest rate fears. The Nasdaq Composite rose 220.23 points, or 0.86%, to 25,929.66, while the Dow Jones Industrial Average fell 80.77 points, or 0.16%, to 50,786.01.
### Tech Sector Rebounds on S&P 500 Membership The technology sector finished up 1.5% on Monday, partially reversing a 5.8% tumble from the previous Friday. Buying interest returned after the sector hit its lowest point since April 2025 following a hot May jobs report. Marvell Technology gained as it prepared to join the S&P 500, providing a lift to the broader chip industry.
