Stocks closed higher on Monday with the S&P 500, Dow Jones, and Nasdaq all up. Semiconductor strength led the tech sector higher. Markets anticipate a Fed rate cut and await US inflation reports. Weaker Chinese trade data raised global growth concerns. European bonds fell, and swaps predict a potential ECB rate cut.

Chip stocks like Marvell, Broadcom, and Lam Research surged. AppLovin led Nasdaq gainers. Rapport Therapeutics soared on positive results. Forward Industries received a cash influx. EchoStar rose after selling wireless spectrum to SpaceX. Robinhood and Premier Inc. also saw gains.

Telecom stocks fell after SpaceX’s deal with EchoStar. T-Mobile and Verizon were hit. Summit Therapeutics faced doubts about a lung cancer drug. Norwegian Cruise Line and Dexcom saw declines. BXP Inc cut its dividend. Earnings reports for Core & Main, GameStop, Oracle, and others are expected on 9/9/2025.

Read more at Nasdaq: Stocks Settle Higher as Bond Yields Fall and Chip Makers Climb