Chip stocks caught bids for the first time in 10 trading sessions on Monday, though the main equity indexes were mixed as Treasury yields resumed their climb. It's relatively quiet as far as incoming economic data this week. But markets have plenty of fresh information to consider, with two of the Magnificent 7 stocks set to report third-quarter operating and financial numbers.

At the closing bell, the tech-heavy Nasdaq Composite was up 1.1% at 26,430, and the broad-based S&P 500 had added 0.4% to 7,690. But the blue-chip Dow Jones Industrial Average was lower by 0.07% at 51,966.

Consumer discretionary stocks and tech stocks posted outsized gains amid a relatively narrow rally, while the VanEck Semiconductor ETF ( SMH , +1.6%) posted a positive intraday return for the first time since October 5.

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