The S&P 500 advanced 0.89% to close at 7,509.20, the Nasdaq Composite added 1.29% to end at 25,837.21, and the Dow gained 0.74% to 52,224.64. All three indexes broke three-day losing streaks. Wall Street staged a comeback as dip buyers emerged, with investors piling into beaten-down semiconductor firms, where a key sector gauge rose 5.2%.
→ Big names set to report this week include Alphabet, IBM and Tesla.
→ Higher oil prices are stoking worries about inflation and lifting bond yields despite strong equity performance.
→ The U.S. has carried out 10 consecutive nights of strikes on Iran, though reports suggest mediators are pushing for a 10-day ceasefire.