US equities rebounded modestly Monday, driven by semiconductor gains, though broader market weakness persisted with most S&P 500 stocks lower.
US equities stabilized Monday after Friday’s sharp sell-off, with the NASDAQ rising 0.86% and the Philadelphia semiconductor index surging 5.61%. The rebound recouped roughly half of the chip sector’s 10.26% loss from the prior session, led by beaten-down tech stocks.
The S&P 500 added just 0.30%, recovering only a fraction of its 2.64% Friday decline, as nearly two-thirds of its constituents closed lower. Tech and energy were the sole sectors in positive territory, while the Mag-7 index dipped 0.06%, weighed by a 1.89% drop in Apple following tepid reception to its latest AI platform.
European markets underperformed, with the STOXX 600 falling 0.15% for a second straight session. Limited bounce-back potential and exposure to rising oil prices contributed to the weakness.