Market Indexes Rally as Oil Retreats and Chip Stocks Surge

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. Missed AI's "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our analysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout.