Tech Stocks Lift Nasdaq 100 as Chip Index Ends Eight Sessions of Losses

Large technology stocks lifted the S&P 500 and Nasdaq 100 on Monday, ending an eight-session slide in semiconductor shares even as oil and Treasury yields rose alongside the equity rebound. The Nasdaq 100 gained 1.2%, and the S&P 500 rose about 0.4%. The Dow Jones Industrial Average finished slightly lower. The PHLX Semiconductor Index returned to gains after eight consecutive declines, its longest losing streak since October 2008. Amazon climbed 5%, and SanDisk added 5.5%. The rebound was uneven: CoreWeave rose more than 7% during the session but finished about 0.4% lower.

Source: TokenPost