The Nasdaq Composite was up 1.17% at 26,446 in afternoon trading on Monday, holding onto a meaningful chunk of the morning's recovery from last week's 4.48% selloff, though buyers lost conviction through the afternoon.
The S&P 500 gained 0.52% to 7,699 and the Dow Jones Industrial Average was barely changed, up 0.07%, confirming this as a technology-led rather than broad market session.
Fear index
The CBOE Volatility Index (VIX) fell 8.6% to 18.27, from a previous close of 19.99, reflecting a meaningful easing of the anxiety that drove last week's rout even as the 10-year Treasury yield edged higher to 5.14%.
Amazon (AMZN) was the standout performer among large-caps, up 4.79% at $261.98, while Tesla (TSLA) added 3.32% to $366.48 ahead of its earnings report on Wednesday.
Intel upgrade
Intel (INTC) held a 2.45% gain at $92.05 after its JPMorgan upgrade, with early gains of over 4% paring back through the session.
Nvidia (NVDA) added 1.41% to $217.14, trading well within its 52-week range of $164 to $243.
CoreWeave (CRWV), the AI cloud infrastructure company, was the notable casualty among AI names, falling 3.16% to $59.45 despite the broader recovery, continuing a difficult stretch for the stock.
SpaceX (SPCX) was up a modest 0.90% at $147.34 ahead of tomorrow's earnings report.
Meta (META) dipped 0.47% to $705.99 as investors trimmed positions before Wednesday's earnings, when the first Muse subscriber data will be the number to watch.
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