03.08.202615:37:10UTC+00US Stocks Extend Gains

US stocks extended their gains on Monday, supported by a rebound in Treasury prices. The S&P 500, Dow, and Nasdaq 100 each advanced more than 1%. The United States’ decision not to strike Iran over the weekend, combined with a pullback in fuel prices, helped drive yields lower across the curve as investors reassessed the scale of inflation risks.

Risk appetite returned most notably to AI-related megacaps: Amazon, Alphabet, and Microsoft each jumped around 5%, while Nvidia added 3%. Bristol-Myers Squibb rallied nearly 10% following reports it may be a takeover target for AstraZeneca.

By contrast, semiconductor names remained volatile as investors repeatedly reassess speculative positions and overleveraged holders continue to unwind at likely discounted levels. Micron, Texas Instruments, and Seagate finished lower. SpaceX and AMD edged about 1% higher ahead of their earnings reports due tomorrow.