Market Indexes Rally as Oil Retreats and Chip Stocks Surge

Key Points The Nasdaq Composite rose 1.8%, the S&P 500 1.2%, and the Dow 0.5% by midday Monday. Meta Platforms jumped 8.6% as its Muse AI agent topped free iPhone downloads for three days. Brent crude fell about 3.4% to $100.30 after approaching $110 last week. 10 stocks we like better than NASDAQ Composite Index › Oil fell on Monday. Bond yields eased, semiconductor stocks threw a party, and the major stock market indexes showed up with potluck dishes. The Nasdaq Composite (NASDAQINDEX: ^IXIC) climbed 1.8% as of 12:04 p.m. ET, the S&P 500 (SNPINDEX: ^GSPC) rose 1.2%, and the Dow Jones Industrial Average (DJINDICES: ^DJI) managed 0.5%. The S&P is now roughly 1% from the record high it set last month, which seemed a lot further away on Friday.