US Stocks Rebound on Monday
2026-03-16 13:37
By
Andre Joaquim
1 min. read
US equity indices rose on Monday, rebounding from the near four-month lows on Friday as markets reassessed the risk of a lasting energy shock in the economy.
The S&P 500 and the Nasdaq 100 rose around 1%, while the Dow gained 500 points.
elected tankers carrying liquified petroleum gas crossed the Strait of Hormuz over the weekend to suggest that the Iranian regime has a degree of leniency with energy exports to allied countries, limiting concerns of a prolonged shortage as Iran, Israel, and the US escalated their defiant rhetoric in their war.
Credit-sensitive sectors gained as yields retreated across the curve, with tech and banks recording gains.
Chip producers outperformed amid a fresh bout of optimism for AI implementation.
Nvidia rose over 2% while Micron jumped over 5% ahead of its earnings this week.
Also, Meta jumped close to 3% on reports that it plans to layoff 20% of its workforce due to efficiency gains from AI adoption.