From TokenPost · · 40s
Tech Stocks Lift Nasdaq 100 as Chip Index Ends Eight Sessions of Losses
Tech stocks rebound as semiconductor index ends eight-day slide.
In brief
Tech stocks rebound as semiconductor index ends eight-day slide. Technology stocks rose 1.2% on Monday after eight sessions of losses in semiconductor shares. Originally reported by TokenPost.
Tech Stocks Rebound
Technology stocks lifted the S&P 500 and Nasdaq 100 on Monday, ending an eight-session slide in semiconductor shares.
Index Gains After Streak
The Nasdaq 100 gained 1.2%, and the S&P 500 rose about 0.4% while the PHLX Semiconductor Index returned to gains after eight consecutive declines.
Oil and Yields Rise
November West Texas Intermediate crude futures rose more than 2%, extending their advance to eight sessions, and December Brent crude moved above $110 a barrel.
The main idea
Technology stocks rose 1.2% on Monday after eight sessions of losses in semiconductor shares.
