U.S. stocks rebound as tech and chipmakers lead gains; Oil prices rise after Iran and Israel halt military strikes.

U.S. stocks experienced a solid rebound on Monday, driven by strong performances in the tech and semiconductor sectors. The Nasdaq Composite rose 222.13 points (0.9%) to close at 25,931.56, while the S&P 500 added 22.07 points (0.3%), finishing at 7,405.81.
The S&P 500 technology sector advanced by 1.5%, and the Philadelphia SE Semiconductor Index surged more than 5%, bouncing back from losses incurred on previous trading days, which had wiped out approximately $1 trillion in market value for U.S.-listed chipmakers.
Notably, shares of Intel and Micron Technology surged by around 11% and 10%, respectively, following news of Google's order for AI chips. The stock rally for chipmakers was bolstered when Alphabet's Google reportedly placed an order for over 3 million tensor processing units by 2028.
On the energy front, oil prices initially surged after a weekend of military exchanges between Iran and Israel, but gains were tempered after President Trump called for an immediate ceasefire. Both nations confirmed the cessation of hostilities, providing a glint of hope for stability in the region.
Trump's statements indicated that he believes both countries are inclined towards a lasting peace as he stated that 'both sides... are looking to do an immediate ceasefire!'

U.S. stocks rebounded on Monday, led by gains in tech and chipmakers, with the Nasdaq Composite rising 0.9% and the S&P 500 gaining 0.3%. Oil prices increased after Iran and Israel halted military strikes, prompted by calls for an immediate ceasefire from U.S. officials.