The Dow Wobbles as Wall Street Chases Chips, Other Momentum Stocks

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The Nasdaq rallied 1.3% on Monday, while the S&P 500 gained 0.7%. The Dow was moving in and out of positive territory. It was recently up 45 points, or 0.1%. The Russell 2000 was up 1.1%.

The market was solidly in risk-off mode, with semiconductors, crypto, and small-caps among the big winners. A majority of stocks were actually trading lower, but the big winners were propelling the S&P and Nasdaq.

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