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Key Takeaways
- The S&P 500 and Nasdaq were higher at midday Monday, rebounding from last week's tech selloff with key tech earnings due later in the week.
- Nvidia shares rose, with the artificial intelligence chipmaker reportedly making a version of its Blackwell chip for the Chinese market compliant with U.S. export controls.
- Shares of CrowdStrike tumbled after the cybersecurity firm caused a global tech outage Friday.
The S&P 500 and Nasdaq were higher at midday Monday, rebounding from last week's tech selloff, with key tech earnings due later in the week. The Dow was little changed.
Nvidia (NVDA) shares rose, with the artificial intelligence (AI) chipmaker reportedly making a version of its Blackwell chip for the Chinese market compliant with U.S. export controls.
Tesla (TSLA) shares also gained ahead of the electric vehicle (EV) maker's earnings report Tuesday, after the company reported encouraging deliveries numbers earlier this month.
IQVIA (IQV) shares jumped after the healthcare industry analytics firm beat profit and sales estimates and raised its outlook on rising demand.
Vista Outdoor (VSTO) shares gained as the maker and marketer of sporting and outdoor products received a higher offer for its Kinetic Group unit from Prague-based defense company Czechoslovak Group.
Shares of CrowdStrike (CRWD) tumbled, extending Friday's losses following the cybersecurity firm's update that caused a global tech outage. Delta Air Lines (DAL) was among the companies still being impacted by it, and the carrier’s shares were lower as well.
Oil and gold futures fell. The yield on the 10-year Treasury note advanced. The U.S. dollar rose against the pound but fell to the euro and yen. Prices for most major cryptocurrencies were lower.
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