U.S. markets closed mostly higher on Monday, led by a strong rebound in technology stocks. Investors’ sentiment improved after President Donald Trump stated that Israel and Iran were ‘looking to achieve an immediate ceasefire’. However, he added that the blockade would remain in effect until a final agreement is reached. Technology shares were the key drivers of the rally, with major gains recorded by chipmakers including Micron Technology, Nvidia, Marvell Technology, Intel, and Advanced Micro Devices. On the sectoral front, semiconductor stocks outperformed, with the Philadelphia Semiconductor Index surging 5.6%, recovering part of the sharp 10.3% decline recorded in the previous session.
Nasdaq up 220.23 points or 0.86 percent to 25,929.663, S&P 500 increased 21.99 points or 0.3 percent to 7,405.73, while Dow Jones Industrial Average declined 80.77 points or 0.16 percent to 50,786.01.
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