Tech stocks rebound as Nasdaq rises 1% and the Dow slips in early trading

What happened: The S&P 500 gained 0.5% in early trading as Intel, AMD and Micron advanced, while the Nasdaq rose 1% and the Dow slipped. Key numbers: S&P 500 up 0.5%, Nasdaq up 1%, Nasdaq fell 4.5% the prior week. Why it matters: The move follows a 4.5% weekly drop in the Nasdaq, with chip stocks leading the rebound. Coverage: 3 outlets in 24h

The S&P 500 gained 0.5% in early trading as Intel, AMD and Micron advanced, while the Nasdaq rose 1% and the Dow slipped.

The move follows a 4.5% weekly drop in the Nasdaq, with chip stocks leading the rebound.