Nasdaq and S&P 500 Rise as Chipmakers Rebound
U.S. stocks ended mostly higher on Monday as investors sought bargains in the technology sector following a sharp selloff. The market was supported by a halt in hostilities between Iran and Israel and a 5.6% jump in the semiconductor index, though Apple shares fell 1.9% after its AI event.
The S&P 500 and Nasdaq rose on Monday as investors bought the dip in technology and semiconductor stocks. The rebound followed a sharp Friday selloff that erased $1 trillion in market value from chipmakers. Geopolitical relief supported the gains after Iran and Israel halted direct attacks following a U.S. appeal.
### Chipmakers Lead Tech Rebound The Philadelphia SE Semiconductor Index jumped 5.6% during the Monday session, recovering from Friday's losses. The S&P 500 technology sector also led advancers with a 1.5% gain. Intel Corp shares rose 11.2% following reports that Alphabet's Google ordered over 3 million tensor processing units for 2028.
