Stocks Gain as Chipmakers Rebound

The S&P 500 Index ($SPX) (SPY) today is up +0.38%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.17%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.26%. September E-mini S&P futures (ESU26) are up +0.35%, and September E-mini Nasdaq futures (NQU26) are up +1.27%. Stock indexes are climbing today as Monday’s rebound in chipmakers and AI-infrastructure stocks gathers pace. The recent selloff in chipmakers has cheapened valuations and has enticed dip buyers ahead of earnings results of megacap technology stocks this week, beginning with Alphabet on Wednesday. On the negative side, software stocks are weak after Morgan…