US stocks rose further on Monday with support from a rebound in Treasury securities.
The S&P 500, Dow, and Nasdaq 100 rose over 1%.
The US refrained from striking Iran over the weekend and fuel prices pulled back, lowering yields across the curve as markets readjusted the magnitude of inflation risks.
AI hyperscalers rose sharply with the rebound in risk demand, with Amazon, Alphabet, and Microsoft soaring 5%, while Nvidia gained 3%.
Meanwhile, Bristol-Myers Squibb surged nearly 10% amid reports that it could be acquired by AstraZeneca.
In turn, chip producers extended their volatile momentum as markets consistently reconsider their speculative exposure and overleveraged investors liquidate positions at likely discounts.
Micron, Texas Instruments, and Seagate booked losses.
Meanwhile, SpaceX and AMD were 1% lingered higher ahead of their earnings tomorrow.