The broader indices remained muted, with the S&P 500 dipping 0.19% to 7,443.28 and the Nasdaq Composite slipping 0.05% to 25,508.07. Trading volume on the NYSE reflected the wary sentiment, as 1,718 issues declined against 1,011 advances. Global oil prices, which had briefly spiked past $90 a barrel following intensified clashes between the U.S. and Iran, retreated slightly as the session progressed.
In section Market Quotes
Markets Waver as Chip Stocks Stage Recovery
A 307-point slide in the Dow Jones Industrial Average set a cautious tone for Monday’s trading, as investors balanced fresh geopolitical tensions in the Middle East against a resilient rebound in the semiconductor sector, which had faced a punishing selloff just days earlier.
Semiconductor equities provided the day's primary surprise. Micron, Sandisk, and Seagate led the recovery, erasing a portion of the double-digit losses sustained on Friday. This upward momentum persisted despite Alibaba unveiling Qwen3.8 Max, a large-language model boasting 2.4 trillion parameters. Unlike the market’s sharp reaction to Moonshot AI’s Kimi K3 release last week, traders largely ignored the new Chinese AI development, signaling a cooling of the recent volatility surrounding artificial intelligence valuations.
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