Nasdaq Roars Back with 290-Point Gain as Tech Rallies

Stocks rebounded on Monday, as investors returned to suddenly-discounted AI and chip stocks following last week's steep selloff. The Nasdaq surged nearly 300 points to lead the major indexes higher. The S&P 500 finished with a modest gain, while the Dow pivoted into the red in the final minutes before the bell. The iShares Semiconductor ETF (SOXX) snapped its nine-day losing streak, its longest skid since September 2015.

On a less positive note, according to the NAHB/Wells Fargo Housing Market Index (HMI), U.S. homebuilder confidence fell to its lowest level since June 2012. The iShares Mortgage Real Estate Capped ETF (REM) also hit its lowest level in more than six years. 

• 2 reasons to avoid EQT over the next month. 
• Netflix gearing up for earnings tomorrow. 
• Plus, three noteworthy stock movers today. 

5 Things to Know Today

1. Notable earnings reports to watch this week. 
2. Schaeffer's Velocity Trader: let us find your volatility opportunities.  
3. Micron stock enjoyed sector tailwinds today. 
4. Cleveland-Cliffs stock soared after earnings. 
5. Datadog surged back toward its recent record after an upgrade. 

WTI Stubbornly Higher

Oil prices rose Monday after last week's 10% gain, as attacks from Iran-backed Houthi militants on Saudi Arabian energy facilities and Ukrainian strikes on Russian oil infrastructure fueled supply concerns. November-dated West Texas Intermediate (WTI) futures rose $2.25 to close at $103.66 per barrel.

Gold prices inched lower, extending last week's small weekly loss. December-dated gold futures fell 0.4% to $4,163.30 ⁠per ounce.