Chip stocks rebound, and Goldman racks up a series of M&A wins

Key Points:

• The S&P 500 and Nasdaq are showing signs of recovery on Monday, potentially ending a five-session losing streak, with Amazon, Alphabet, and Meta Platforms leading the rebound among the "Magnificent Seven" stocks.
• Semiconductor stocks like Arm Holdings, Intel, and Broadcom have recovered from earlier losses, while Corning and Palo Alto Networks hit new all-time highs, alongside healthcare companies Eli Lilly, Johnson & Johnson, and Cardinal Health.
• Defensive stocks such as TJX Companies, DuPont, Linde, Procter & Gamble, and Costco lagged behind during the rally, and Honeywell Technologies' shares dropped after spinning off its aviation unit, which itself debuted strongly.
• Goldman Sachs continues to demonstrate strong investment banking activity, advising on major deals including Martin Marietta's $13.5 billion acquisition and Bio-Techne's $11.3 billion sale, reinforcing its status as a top-performing non-tech holding for the CNBC Investing Club.
• Wells Fargo, despite a challenging year and recent earnings misses, secured an advisory role on Rocket Lab's acquisition, signaling progress in expanding its investment banking franchise; its upcoming Q2 earnings report will be closely watched alongside other major banks.