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Rich Asplund

FORGOTTEN HISTORY: Broader market settles higher as chipmakers rally | History Defined

THe Nasdaq SP Oil Iran Israel Dow Jones Industrial Average United States Apple Intel Corporation

The S&P 500 Index ($SPX) (SPY) on Monday closed up +0.30%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.16%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.58%. June E-mini S&P futures (ESM26) rose +0.18%, and June E-mini Nasdaq futures (NQM26) rose +1.44%.

Stock indexes settled mixed on Monday, recovering some of last Friday’s selloff. Renewed enthusiasm for artificial intelligence boosted chipmakers and AI-infrastructure stocks, lifting the broader market higher on Monday. Stocks also found support on Monday after WTI crude oil prices (CLN26) fell from their highs when Iran said its current military operation against Israel had ended. Apple fell by more than -1% to weigh on the Dow Jones Industrial Average after receiving a tepid response to the next generation of its AI platform.

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