Technology shares steadied Monday after Friday's rout, when a violent semiconductor selloff dragged the Nasdaq down 4.2 percent and erased roughly a trillion dollars, its worst session since early 2025.
The VanEck Semiconductor ETF rebounded about 5 percent. The Nasdaq closed up 0.86 percent and the S&P 500 added 0.30 percent to 7,405, while the Dow slipped. Friday's surprise 172,000 May payrolls, more than double forecasts, lifted yields and dimmed rate-cut hopes.
Investors now await this week's inflation reading before the new Fed chair's first meeting.
