The S&P 500 turned higher on Monday, but chip stocks and Big Tech were the only trades working.
The market benchmark was up 0.2% shortly before noon ET. The Dow was down 111 points, or 0.3%. The Nasdaq Composite was up 0.6%.
The Roundhill Magnificent Seven ETF was up 1.2%. Among the group of megacap tech stocks, Tesla, Nvidia and Meta Platforms were all up more than 1%. Amazon.com was up 0.4%, while Alphabet rose 0.6%. Apple was up 0.1% but Microsoft was down 0.8%.
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