S&P 500, Nasdaq end up as chipmakers rebound

STORY: U.S. stocks ended mostly higher Monday boosted by shares of chip companies.While the Dow fell slightly, the S&P 500 added three tenths of one percent and the Nasdaq climbed about nine tenths.:: IntelIntel shares jumped 11% after news website The Information reported that Alphabet's Google had placed an order to manufacture more than 3 million tensor processing units in 2028.:: Marvell TechnologyAnd shares of Marvell Tech rose 9.5% after S&P announced that the company would be added to the S&P 500 index later this month.Also, Iran and Israel said they had halted attacks on each other.This came after an appeal from U.S. President Donald Trump that they immediately "stop shooting." The attacks over 24 hours were the most direct confrontation between Iran and Israel since an April ceasefire in the war.Justin Livengood, senior portfolio manager with Invesco, says he thinks regardless of when there is an end to the conflict in the Middle East, energy prices could stay higher, which could lead the Federal Reserve to raise interest rates.“Inflation's been drifting up in general the last six to nine months, not just for oil prices but even for core elements. And that's a concern. I think that concern persists as oil and natural gas prices linger higher. And the longer that persists, the more likely we are to have a Fed feel they need to raise rates late this year. I certainly feel that right now the base case for the Fed is a hike, not a cut, as their next move. And I think with each week and month that this Middle East conflict continues. The odds of that hike get pulled forward.” :: AppleOther stocks on the move included Apple which dropped almost 2% after announcing a Siri revamp at its annual Worldwide Developers Conference.:: AWSAnd shares of Corning gained 5.5% after Amazon announced a multi-year multi-billion-dollar deal to buy the company's optical fiber and cables for its data centers.