The S&P 500 fell on Monday as Middle East tensions and weak retail sales data weighed on markets. Semiconductor stocks rallied, with Micron up 6% and Intel up 3%, driven by stronger demand signs and insider buying by Intel’s CEO. Rothschild upgraded Apple to buy from hold, raising its price target to $400 from $260, citing an underappreciated foldable iPhone opportunity. Jim Cramer, however, recommends waiting until September when Tim Cook steps down as CEO before buying the stock.
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