Software stocks extended their rebound for a second straight session after last week’s brutal selloff, with the iShares Expanded Tech-Software Sector ETF (NYSE:IGV) jumping more than 3% on Monday — its strongest daily gain since late April 2025 — as dip-buyers stepped back in.
The Nasdaq 100 climbed 1%, outperforming broader Wall Street, while the S&P 500 added 0.7%. Small caps also advanced 1%, whereas the Dow Jones Industrial Average was little changed near 50,100, hovering just below record highs.
Among individual software stocks, AppLovin Corp. (NASDAQ:APP) surged more than 14% after logging four consecutive weekly declines.
Oracle Corp. (NYSE:ORCL) soared 11%, marking its best session since September, while Palantir Technologies Inc. (NASDAQ:PLTR) rose 7%, extending Friday’s 4.5% rebound.
Commodities joined the risk-on move. Oil prices jumped more than 2% to $64.6 a barrel, while gold snapped back sharply, rallying 2.5% to $5,090 an ounce.
Silver led the complex, soaring over 6% to $82 an ounce after plunging to as low as $64 last Friday — nearly 50% below its late-January record high of $121. The precious metal is up over 17% in the last two sessions, eyeing its strongest 2-day rally since 2009.
Crypto markets, however, lagged the broader rebound, signaling that risk appetite remains fragile in that segment.
Bitcoin (CRYPTO: BTC) slipped 0.4% to around $70,000, while Ethereum (CRYPTO: ETH) was flat near $2,085.
Monday’s Performance In Major US Indices, ETFs
| Major Indices | Price | 1-day % |
| Nasdaq 100 | 25,342.31 | 1.1% |
| Russell 2000 | 2,695.22 | 0.9% |
| S&P 500 | 6,980.29 | 0.7% |
| Dow Jones | 50,096.85 | 0.0% |
According to Benzinga Pro data:
- The Vanguard S&P 500 ETF (NYSE:VOO) advanced 0.65% to $639.39.
- The SPDR Dow Jones Industrial Average ETF (NYSE:DIA) flattened $500.92.
- The tech-heavy Invesco QQQ Trust Series (NASDAQ:QQQ) jumped 0.95% to $615.42.
- The iShares Russell 2000 ETF (NYSE:IWM) climbed 0.83% to $267.22.
- Among sector funds, the Technology Select Sector SPDR Fund (NYSE:XLK) outperformed, rising 1.8%, while the Consumer Staples Select Sector SPDR Fund (NYSE:XLP) lagged, down 1.1%.
Russell 1000’s Top 5 Gainers
| Stock Name | % Change |
|---|---|
| AppLovin Corporation | +14.61% |
| Bullish (NYSE:BLSH) | +12.62% |
| Nexstar Media Group, Inc. (NASDAQ:NXST) | +11.66% |
| Nextstar Media Group (NASDAQ:NXST) | +11.59% |
| Oracle Corporation | +11.58% |
Russell 1000’s Top 5 Losers
| Stock Name | % Change |
|---|---|
| Kyndryl Holdings, Inc. (NYSE:KD) | -54.35% |
| Cleveland-Cliffs Inc. (NYSE:CLF) | -17.94% |
| Waters Corporation (NYSE:WAT) | -10.27% |
| e.l.f. Beauty, Inc. (NYSE:ELF) | -8.60% |
| DXC Technology Company (NYSE:DXC) | -8.22% |
Image: Shutterstock
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