Wall Street closes mixed as semiconductor, AI stocks rebound; Nasdaq rises 1.11%

Wall Street closed mixed Monday (local time) as semiconductor and AI technology stocks rebounded.

The Dow Jones Industrial Average fell 36.38 points, or 0.07 percent, to close at 51,966.03 on the New York Stock Exchange.

The S&P 500 rose 31.29 points, or 0.41 percent, to 7,690.73, while the tech-heavy Nasdaq Composite gained 290.85 points, or 1.11 percent, to finish at 26,430.89.

Semiconductor and AI-related stocks, which had posted steep losses the previous week, led the Nasdaq higher with their rebound.