Benchmarks Fare: Points and Losses Monday

benchmarks fare: The Nasdaq Composite Index COMP, -0.45% gained 83,35 points, or 1.1%, to 7,785.72, according to Market Watch. What drove the market Stock buying returned to markets after technology sector losses. losses Monday concentrated in the Shares of chip makers bore the brunt of declines after technology companies in the U.S. and elsewhere said they have started to comply with the White House's ban on China's Huawei Technologies Inc. How did the major benchmarks fare The Dow Jones Industrial Average DJIA, -0.39% rose 197.43 points, or 0.8%, to 25,877.33, while the S&P 500 index SPX, -0.28% gained 24.13 points, or 0.9%, to 2,864.36. U.S. officials said late Monday they would offer some temporary exceptions to an export blacklist against Huawei Technologies Co., which will provide some suppliers and customers of China's telecom giant a 90-day reprieve from tough trade penalties a move that appeared to soothe investor anxiety somewhat. He also said the company has been stockpiling chips, and, therefore, is well prepared for that ban. However, the rhetoric didn't let up on Tuesday as the chief executive of Huawei, Ren Zhengfei, fired back against the blacklist for his company, saying the U.S. government is underestimating how powerful his company will be in 5G in a few years. (news.financializer.com). As reported in the news.