Wall Street ended mostly higher on Monday, rebounding from a sharp sell-off in the previous session. The S&P 500 rose 0.3%, the Nasdaq gained 0.9%, while the Dow slipped 0.2%.
The recovery was led by a rebound in chip stocks and improved risk sentiment after Iran and Israel signaled a temporary halt in attacks.
The previous session saw heavy losses, with the S&P 500 falling nearly 3% and the Nasdaq dropping over 4%—its worst performance in over a year—driven by strong U.S. jobs data that pushed expectations for prolonged higher interest rates.
Investors now turn focus to upcoming U.S. inflation data (CPI and PPI), which will be key in shaping the Federal Reserve’s next policy moves.
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