Close: Tech Leads Gains as Dow Proxy Edges Lower

U.S. equity benchmarks, tracked by their ETFs, ended Monday's session mostly higher. The Nasdaq 100's QQQ rose 1.21% to $718.36, while the S&P 500's SPY gained 0.42% to $766.48. The Dow's DIA slipped 0.03% to $518.92, and the Russell 2000's IWM added 0.31% to $271.28.

Nvidia rose 1.38% to $217.09 and Microsoft gained 0.84% to $533.52, while Apple slipped 0.15% to $342.94. JPMorgan Chase fell 1.82% to $333.53, finishing near its session low of $333.22. Exxon Mobil lost 0.39% to $178.28.

Among mid-caps, Celsius Holdings climbed 5.43% to $29.72, while IonQ declined 1.60% to $30.78. Small-cap Aehr Test Systems advanced 4.50% to $63.33, below its session high of $65.99. Plug Power fell 0.72% to $1.37, and Intuitive Machines eased 0.37% to $10.74.

Micro-cap Duos Technologies gained 1.48% to $5.48. ClearSign Technologies fell 2.50% to $2.34 after trading between $2.12 and $2.56.

CNBC characterized Monday's technology rebound as an oversold bounce, with this week's earnings set to test its durability. Overseas, Reuters reported that Saudi Arabia postponed its 'Davos in the Desert' conference after attacks and that Egypt delayed a vote on military support for Saudi Arabia until October 26.

The next focus is whether earnings support the technology recovery. QQQ and SPY both finished below their session highs, leaving the strength of follow-through in focus.