Wall Street indices opened with gains on Monday as semiconductor companies and chipmakers recovered from previous session’s rout.
S&P 500 opened 0.5% higher at 7,519.23, tech-heavy Nasdaq Composite was up 0.81% at 24,042.04, and the Dow Jones Industrial Average extended gains to open 0.22% higher at 53,018.32.
Major chipmakers like Micron Technology Inc. and Advanced Micro Devices Inc. surged within minutes of the opening bell. Micron rose as high as 3% to $1,007.80 but pared gains to trade 1.5% higher, while AMD climbed 5% to $546.
(This story will be updated shortly)