Market Overview

As investors awaited major tech earnings reports, U.S. stock indices were volatile on Monday. $Nasdaq Composite Index(.IXIC.US)$ rose by 1% in early trading before falling back. Both $S&P 500 Index(.SPX.US)$ and $Dow Jones Industrial Average(.DJI.US)$ turned negative before midday, while $Dow Jones Industrial Average(.DJI.US)$ initially fell by 200 points before briefly turning positive. By the end of the session, the S&P and Nasdaq's gains had narrowed to near flat, and the Dow turned negative again. $Russell 2000 Index(.RUT.US)$ fell by more than 1%. The semiconductor index rose by 2.4% early on but ended slightly lower, with $NVIDIA(NVDA.US)$ down over 1% and $ON Semiconductor(ON.US)$ jumping 12% after a strong earnings report, marking its best performance in two years. $Tesla(TSLA.US)$ surged by 5.6%.