Yahoo Finance

Summary

On Monday, the major indices were able to shake off higher interest rates, higher crude oil prices, and a 1% decline in Technology (XLK) to finish flat to down slightly. It wasn't pretty for most of the day, but a late-day pop cut into the losses. The S&P 500 ended flat, while the Nasdaq and Nasdaq 100 fell 0.5%. As was the case on Friday, Technology was dragged down by large and mega semiconductor stocks, with the hottest issues seeing the largest declines. MU fell 6%, AMAT and SNDK 5%, and FORM and ASX 6%-7%. There was a second day of weakness in electronic equipment (COHR -5%) and electrical com