Nasdaq 100 Jumps More Than 2% as Dip Buyers Snap Up Tech Stocks

Nasdaq 100 Jumps More Than 2% as Dip Buyers Snap Up Tech Stocks describes a rebound in US equities as investors moved back into technology after last week’s declines. On Monday, the Nasdaq 100 rose 2.1% at 2:24 p.m. ET in New York, briefly dipping below the flat line before regaining momentum. The S&P 500 gained 1.1% and the Dow Jones Industrial Average rose 0.7%, while the Philadelphia Stock Exchange Semiconductor Index jumped 3.7% after its worst week since April 2025. Analysts cited improving risk appetite and bargain-hunting tied to the “Magnificent Seven,” even as investors weigh AI spending concerns. Mark Hackett of Nationwide said the next drivers include whether dip-buying holds, upcoming labor data, and the start of earnings season. South Korea’s chip and data center spending plan—at least 1,350 trillion won (about $880 billion)—was highlighted as a factor likely to be “keenly watched.” Separately, the US and Iran agreed to stop attacking each other ahead of talks over issues including the Strait of Hormuz.