Summary · why it matters
The Nasdaq 100 Index rose 1% on Monday as semiconductor shares recovered from last week's selloff ahead of a heavy earnings schedule. The Philadelphia Stock Exchange Semiconductor Index climbed 2.3% after entering a bear market on Friday, with NVIDIA gaining 1.3% and helping lift a basket of Magnificent Seven companies by 0.6%. Advanced Micro Devices, Intel, and Micron Technology also moved higher, while Sandisk jumped 6.1% and Marvell Technology climbed 6.3%. The broader S&P 500 gained 0.4%, with Alphabet, Amazon, and Microsoft advancing, though declines in Apple and Tesla limited the overall advance. More than 80 S&P 500 companies are scheduled to report results this week, with Alphabet and Intel expected to provide insight into artificial-intelligence spending trends.