The major averages rebounded following a sharp sell off Friday as tensions between Israel and Iran subside. The Dow Jones Industrial Average finished up 317 points, or 0.75%. The S&P 500 rose 56 points or 0.94% while the Nasdaq Composite rose 294 points or 1.52%.

Today oil pulled back 2% while defense stocks like Lockheed Martin and Northrop Grumman pulled back as well. Gold pulled back as well today.

Tech stocks had a nice day led by chip stocks. AMD rose 8% while Micron and Analog Devices were up 3%. Big cap tech was higher as well. Palantir was up 3% on a upgrade.

Interest rates nudged higher following the Isreal -Iran conflict. The 10-year Treasury rose 3 basis points to 4.45%. The 2-year Treasury yield gained a basis point to 3.97%. The Federal Reserve will meet this week, but no one is expecting any rate cuts according to the CME FedWatch Tool.

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