Chip stocks head for an end to an eight-day slide and the Nasdaq climbs more than 1%, while bitcoin is turned back at $83,000 and settles near $82,000

Wall Street's chip stocks looked to have stopped falling. The Philadelphia Semiconductor Index was up about 2% in afternoon trading on Monday, on track to end an eight-session losing streak that had cost it about 15.7%, Reuters reported. That carried the Nasdaq Composite up more than 1% by the close, per TheStreet, while the S&P 500 finished at about 7,710, up less than 1%, and the Dow was little changed, according to 24/7 Wall St. and TheStreet.

Amazon climbed about 5%, Tesla about 3.7% and Micron about 3% at the close, TheStreet reported. Amazon was helped by Morgan Stanley naming it a top pick, and Intel gained after JPMorgan lifted its rating to neutral, Reuters reported. Not everything bounced: seven of the eleven S&P 500 sectors were lower in the afternoon, and US crude rose more than 2% to nearly $104 a barrel after Houthi attacks in Yemen and renewed attacks on Saudi facilities, Reuters reported. Michael James of Rosenblatt Securities told Reuters the market was "far from out of the woods."

Bitcoin spent the day failing at the same ceiling. It reached $83,062 earlier in the day and then slipped to $81,678 on Bitstamp as the 10-year Treasury yield rose to about 5.13%, Cointelegraph reported, with about $335 million of crypto positions liquidated over 24 hours. By 6:06pm New York time CoinDesk's price page showed $82,036, up about 0.4% over 24 hours. Trading firm QCP Capital warned, per Cointelegraph, that a renewed equity sell-off could threaten the $80,000 level if it lasts. Several of the big technology earnings the market is waiting for are due on Tuesday and Wednesday, Cointelegraph notes.