Chips Bounced, Builders Sank and Crude Sent Mixed Signals Heading Into Tuesday - AOL

U.S. markets posted a partial recovery Monday after an AI-driven selloff last week, with the Nasdaq Composite up about 1.1%, the S&P 500 gaining roughly 0.4%, and the Dow slipping less than 0.1%. Trading also split by theme: memory chips and AI infrastructure bounced, while homebuilders fell after a 14-year low in builder confidence. Oil moved in opposite directions, with West Texas Intermediate’s November contract up $2.25 to $103.66 a barrel, while Brent declined to $109.55. The backdrop included macro pressure for housing, as the NAHB/Wells Fargo index fell to 29 in October, its lowest since June 2012.