Stock Market Today: Nasdaq 100 Gains On Chip Stock Rebound – Vanguard S&P 500 ETF (ARCA:VOO)

U.S. stocks were mixed by midday Monday as a rebound in the beaten-down chip sector reignited the AI-infrastructure trade.

• The S&P 500 rose about 0.3% to near 7,482

• The Dow Jones Industrial Average slipped roughly 0.2% to around 52,025

• The Nasdaq 100 outperformed with a 0.4% advance as chipmakers bounced off last week’s lows

• Treasury yields firmed as the oil-driven inflation angle stayed in focus. The 10-year yield rose about 4 basis points to 4.61%, recovering part of last week’s 7-basis-point decline, while the five-year climbed to 4.34%.

Markets are also pricing in one Fed rate hike this year. The odds of a September move are holding above 60% ahead of next week’s FOMC meeting, where policymakers are widely expected to stay on hold.

West Texas Intermediate crude held near $82.60 a barrel, roughly flat on the day but clinging to five-week highs after last week’s near-5% surge.

In precious metals, gold was little changed near $4,012 an ounce. Bitcoin (CRYPTO: BTC) was up 1.5% to $65,300.

Monday’s Performance In Major US Indices

According to Benzinga Pro:

Chips And AI Infrastructure Spark The Rebound

The rebound was concentrated in the AI-hardware complex. The VanEck Semiconductor ETF (NASDAQ:SMH) rose 1.7% to pace industry groups

Stock Market Standout

On the downside, Tempus AI Inc. (NASDAQ:TEM) dropped 8.0% amid a reported CEO-linked insider share sale.

Bloom Energy Corp. (NYSE:BE) lost 5.6%, extending its drawdown from June’s peak to over 40%.

Stocks reacting to earnings reports included:

Monday’s Russell 1000 Top Gainers

Monday’s Russell 1000 Top Losers

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