US stocks rebounded as investors tentatively bought the dip, with the S&P 500 up 0.6%, the Nasdaq gaining 1.3% and the Russell 2000 advancing 0.4%, led by technology. The semiconductor index rose 1.9%, partly reversing Friday's 3.8% fall, though conviction stayed limited with little fresh news. Homebuilder confidence fell to a 14-year low and the US homebuilder index dropped 2.3%, while Cleveland-Cliffs surged 16% after beating expectations and guiding about 60% above consensus for early 2027. Amazon rose 5.3%, Tesla 4.0% and Nvidia 1.7%, while utilities fell 2.0%. WTI crude rose 2% to around US$103.50 a barrel.
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