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NEW YORK (AP) — U.S. stocks rose Monday and recovered some of their losses from a rare losing week.

The S&P 500 climbed 1.2% and broke a five-day losing streak. It was coming off just its second losing week in the last 13. The Dow Jones Industrial Average added 306 points, or 0.6%, and the Nasdaq composite rallied 2.1%.

Several stocks boosted by the artificial-intelligence boom rose after Samsung Electronics and SK Hynix said they will invest roughly $518 billion in a new chipmaking hub in South Korea, as its president hopes to capitalize on surging AI demand.

Applied Materials, whose equipment helps make semiconductors, rallied 10.8% to vault its gain for the year so far above 170%.

AI stocks have been on a roller-coaster ride recently after soaring to tremendous heights. They’re under pressure because of worries that their profits can’t possibly keep pace with the huge gains for their stock prices. And the moves have an outsized effect on investors because AI stocks have become some of Wall Street’s largest and most influential, giving them more weight on indexes than others.

Nvidia was one of the strongest forces lifting the S&P 500, for example, after its stock rose 1.3%. That’s because it’s Wall Street’s biggest stock with a total value of more than $4.7 trillion.

SpaceX, which owns the xAI business along with rockets, has already become worth more than $2 trillion after its stock’s ballyhooed debut on the Nasdaq earlier this month, with sharp rises and falls along the way. It’s become big enough that Nasdaq said Elon Musk’s company will join the Nasdaq 100 index before trading begins on July 7, which will force funds tracking the index to buy the stock.

SpaceX climbed 7.2%.

Outside of AI, Comcast rose 4.5% after saying it will split off its NBCUniversal media business and Sky from its broadband and wireless business. Its stock came into the day with a loss of 17.3% for the year so far.

That helped offset a 5.2% drop for Verizon Communications, which said it’s paying $625 million as part of a deal to combine its international wireline connectivity and managed network services business with some of London-based BT Group’s subsidiaries in a joint venture.

All told, the S&P 500 rose 86.41 points to 7,440.43. The Dow Jones Industrial Average added 306.63 to 52,182.74, and the Nasdaq composite rallied 522.53 to 25,820.14.

The gains for the stock market came even though oil prices rose. The price for a barrel of Brent crude, the international standard, climbed 1.8% to $73.91, pulling back above where it was before the war with Iran began. Benchmark U.S. crude for August delivery rose 2.2% to settle at $70.75 per barrel.

Following attacks across the Persian Gulf over the weekend, the United States and Iran on Monday separately announced they will send delegations to Qatar this week, though Tehran insisted it has not agreed to meet with the United States “at any level.”

The hope is that an end to the war with Iran will give oil tankers full access again to the Strait of Hormuz, allowing them to exit the Persian Gulf and deliver crude to customers worldwide. That would help lower the price of oil, whose jumps because of the war have sent a punishing wave of inflation around the world.

If oil prices do recede and stay low enough, it could keep enough pressure off inflation to allow the Federal Reserve and other central banks to keep interest rates steady or even cut them instead of hiking them.

Higher interest rates can keep a lid on inflation, but they also slow the economy and hurt prices for all kinds of investments. High yields worldwide have been rattling investors after oil prices burst above $100 per barrel because of the war.

The yield on the 10-year Treasury edged down to 4.37% from 4.38% late Friday and from 4.56% early this month.

In stock markets abroad, indexes dipped modestly in Europe following mixed performances in Asia.

Stocks jumped 1.6% in Hong Kong and 1.2% in Shanghai for two of the world’s biggest gains, while South Korea’s Kospi slipped 0.2%.

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AP Business Writers Chan Ho-him and Matt Ott contributed to this report.

LEXINGTON, S.C. (AP) — Alex Murdaugh was back in court Monday on charges he killed his wife and son, appearing silently at a pretrial hearing that was mostly short on substance but long on spectacle as the true crime sensation continues to captivate.

Murdaugh’s murder convictions and sentence of life in prison were overturned last month by the South Carolina Supreme Court. On Monday, a new judge laid out a timeline for hearings set the retrial to begin April 5. She also nailed down deadlines for making sure the defense and prosecution have exchanged evidence, a process called discovery.

Dozens of media outlets, from international agencies and local TV stations to podcasters, were inside the 200-person Lexington County courthouse to again chronicle every forehead rub and quizzical look from the once-rich and imposing Southern lawyer.

“I see we have a full house,” Judge Debra McCaslin said as the hearing began.

For many, it was a rare glimpse of how life in state prison has changed the 58-year-old Murdaugh. After pleading guilty to stealing about $12 million from clients and his family’s law firm, he is serving a 40-year federal sentence at the same time as a 27-year state sentence.

Unlike just about everyone else in the courtroom, the judge said she was new to the story, which combines a grisly double murder with the fall of a powerful legal dynasty.

“I don’t know anything about the first trial, so when you tell me something please be complete,” McCaslin told the lawyers.

Prosecutors say Murdaugh shot his wife Maggie and younger son Paul, 22, because he believed sympathy over their deaths would buy him time to fix his financial crimes. At that point in 2021, he was close to being exposed by both his law firm and the family of a teen who filed a wrongful death lawsuit after Paul crashed a boat while drinking.

A jury convicted Murdaugh of two counts of murder in 2023. While admitting he is a thief, insurance cheat, bad lawyer and longtime opioid addict, he has adamantly denied the killings.

Murdaugh wore an orange prison jumpsuit Monday, listening with his mouth set in a tight line.

At one point, as defense attorney Dick Harpootlian asked the judge to let Murdaugh wear civilian clothing in court, he told his client to stand.

“Chains around the hands, chain around the waist, chains on his feet,” Harpootlian noted, saying a jury would see Murdaugh shackled like a dangerous criminal when he’s only been convicted of financial crimes.

Prosecutor Creighton Waters said it’s important for incarcerated defendants to wear restraints and jumpsuits. “Every time someone is transferred out of court, it is a security risk.”

Defense lawyers want Murdaugh, who was disbarred during his legal troubles, to have access in prison to a laptop without internet, so his team won’t have to print and deliver evidence to him. Harpootlian said Monday there are more than 20,000 pages of documents.

“Well surely, Mr. Harpootlian, he reviewed those before his first trial, did he not?” the judge asked.

“Five years ago,” the lawyer replied.

Another pretrial motion asks prosecutors to turn over DNA found under Murdaugh’s wife’s fingernails for testing at a private lab. Investigators said it was from an unknown and unrelated man. The defense said they’d cover the cost of testing.

“I’m gonna let you pay for it,” the judge quipped, drawing a chuckle from the courtroom.

Murdaugh was grimacing and biting his lower lip during the exchange.

The defense also wants to hold the next trial outside Colleton County, where the killings happened and the first trial took place. That matter wasn’t decided Monday.

Investigators and armchair detectives alike have spent hours poring over alibis, timelines and digital breadcrumbs, including a cellphone video that prosecutors say cracked the case. They allege Murdaugh’s voice can be heard on the video, which was taken by his son shortly before the shootings at dog kennels on the family’s sprawling property. Murdaugh had initially claimed he was asleep at the time.

During the first trial, a few jurors said the Colleton County clerk of court, who is assigned to oversee the evidence and the jury during the trial, told them to watch Murdaugh’s body language when he testified in his own defense and to not be fooled, confused or thrown off by what he might say.

The state Supreme Court ruled this was a suggestion Murdaugh was guilty, and overturned his convictions.

The justices were also concerned there had been too much testimony around how Murdaugh stole from clients, many of them in dire straits.

GRAND JUNCTION, Colo. (AP) — Three firefighters killed over the weekend in a wildfire along the Colorado-Utah border were trying to shield themselves from flames by deploying tent-like shelters when they were overcome, authorities said.

The firefighters were part of a specialized crew that goes into remote areas by helicopter to quickly put out new and rapidly escalating wildfires, federal officials said Monday.

Their deaths Saturday came almost 13 years to the day since an elite crew of 19 wildland firefighters died when they were trapped in a steep canyon in Yarnell, Arizona.

Like this weekend’s victims, the men in Arizona tried to deploy emergency shelters that are a “last resort” for firefighters when there’s no other way out. Investigators didn’t blame anyone for the deaths in 2013, but cited radio communication problems that contributed to the Granite Mountain Hotshots becoming trapped. Arizona’s workplace safety commission also fined the state’s forestry division for not pulling them out.

Wildfires have erupted over the past week all across the West, fueled by months of dry weather and a record lack of snow in some places this past winter. Wildfire experts have warned for months that extreme fire dangers are likely this summer.

U.S. Wildland Fire Service Chief Brian Fennessy said he would not speculate about whether the crew overrun by the weekend fire in Colorado should have been where they were.

“I will say the fact that they were there was, I’m 100% sure, based on good decision-making,” Fennessy said during a news conference Monday. “The fires in this region over the decades, you know, killed many firefighters. They weren’t being foolish. They weren’t being careless. They were there because they thought they could do what needed to be done to suppress that fire. And many times the weather changes.”

With more than two dozen large fires burning, almost 8,000 wildland firefighters and dozens of firefighting helicopters have been deployed. About half the largest blazes are in Alaska while the rest are mostly in Western states.

Even as firefighting resources were increasingly strained, evacuations were ordered near seven fires, including in Arizona, Washington state, New Mexico and Utah. About 800 people living in and around the small town of Beulah in eastern Colorado were told to evacuate as a wildfire threatened the area on Monday afternoon, Gov. Jared Polis said.

“We’re really at the mercy of the winds,” Polis said.

Firefighters were part of a specialized crew

The U.S. Forest Service and Interior Department identified the firefighters killed as Emily Barker, 38, of Clinton Township, Michigan; Nick Hutcherson, 27, of Glendale, Arizona; and Sydney Watson, 26, of Warrior, Alabama.

Two others who were with them sustained burn injuries. They were in stable condition but remained hospitalized in the Denver area, officials said at Monday’s news conference.

“The loss we experience here is not felt by just one agency. It is felt by an entire wildland fire community,” Fennessy said. “We grieve together, we support one another and we continue the mission together.”

A long line of fire trucks and vehicles from a wide array of emergency response agencies made their way slowly through Grand Junction, Colorado, Monday with their lights flashing. A scattering of people, some with their hands on their hearts, watched silently from the sidewalk as they passed.

The procession ended at a cemetery, and the bodies of two of the firefighters draped in American flags were taken into a funeral home as officials from fire agencies saluted.

The three killed were assigned to a Helitack crew that can be dropped into remote areas by helicopters and whose mission is to prevent new fires from growing into out-of-control blazes. But it can be extremely dangerous, often taking place in areas where fires are rapidly expanding.

Watson worked for the Wildland Fire Service and the other two firefighters who died were assigned to the Forest Service. All were part of an interagency response to fires just west of Grand Junction.

The Snyder Fire in the area has burned about 44 square miles (114 square kilometers), authorities said.

Watson’s death was the first within the the new Wildland Fire Service, which was created within the Department of Interior earlier this year to coordinate firefighting on public lands.

The deaths are being investigated by the Forest and Wildland Fire services, a process that typically results in recommendations for how to prevent or reduce the risk of a similar accident. Agencies can also convene an accident review board to suggest any further actions.

High wildfire threat for much of this week

More hot, dry and windy weather across the Southwest will elevate the fire threat at least until the weekend, according to the national Storm Prediction Center.

Among the concerns were high winds in the mountains of Colorado and Wyoming, in the Black Hills of South Dakota and across portions of the High Plains.

Utah already has restricted firework usage going into the July Fourth holiday.

The national “preparedness level” for wildfires was increased to a 4, on a scale of 1 to 5, the National Interagency Fire Center said Monday. That’s a sign resources are beginning to be strained, and officials warned of a high potential for new, large fires in multiple parts of the country in coming days.

There are enough firefighting resources for now across the Rocky Mountains to deal with the blazes, said Mike Morgan, director of Colorado’s Division of Fire Prevention and Control. But that could change quickly if conditions worsen in other parts of the country, Morgan said, adding that crews that battle fires on the ground already are in short supply.

“We know hand crews are always a hot commodity. We’re getting a little short on those, so that would be one I would say we’re a little concerned with,” Morgan said. “At the moment, I would say I feel pretty good about where we’re at, but I’m very concerned about where we go.”

So far this year, wildfires have burned more than 4,800 square miles (12,400 square kilometers) — the most by this point in the year since 2022 and significantly above the 10-year average.

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Brown reported from Billings, Montana, and Seewer from Toledo, Ohio.

Supreme Court Justice Sonia Sotomayor was gifted concert tickets in Puerto Rico last year as members of the high court continued to accept international teaching gigs and receive royalties for books they have written, according to financial disclosure forms released Monday that provide insight into how the justices spend time off the bench.

Sotomayor’s disclosure form says she and unidentified guests attended the concert last August while she was on a personal trip to Puerto Rico. The paperwork does not identify the performer, but Puerto Rican star Bad Bunny is known to have performed a series of shows on the island that month and the $4,333 gift she disclosed was provided by Rimas Entertainment, Bad Bunny’s record label.

The justices’ ethical practices away from the court have received additional scrutiny in recent years because of media coverage, including by The Associated Press, that has highlighted their lucrative book deals, gifts they have received and travel they have taken. Among the revelations was a series of stories by ProPublica that revealed that Justice Clarence Thomas had failed to report luxury travel paid for by Republican megadonor Harlan Crow.

The forms underscore the extent to which book-writing remains a lucrative source of income for members of the court.

Justice Ketanji Brown Jackson, who in 2024 released a memoir titled “Lovely One,” disclosed nearly $1.2 million in book advances, and Justice Amy Coney Barrett reported more than $849,000 in royalties. They both reported more than a dozen book events or discussions at which a combination of food, travel or lodging was provided. Justice Neil Gorsuch also received $300,000 in royalty payments.

Several justices also disclosed paid teaching assignments. Chief Justice John Roberts, for instance, reported $25,000 in teaching income for a brief course at New England Law School, while Justice Brett Kavanaugh received $33,285 for teaching at Notre Dame.

Kavanaugh also delivered a speech last September — his meals, transportation and lodging were provided — at McLennan Community College in Waco, Texas, which the AP earlier reported had invited Thomas to headline a 2017 event.

The court released disclosure forms for eight of the nine current justices. Justice Samuel Alito, as he has previously done, requested a 90-day extension, the court said.

NEW YORK (AP) — Luigi Mangione’s federal trial in the killing of UnitedHealthcare CEO Brian Thompson will now begin in January instead of the fall, a judge said Monday at a hearing that started late because Mangione got stuck in a courthouse elevator.

U.S. District Judge Margaret Garnett said she was postponing the federal trial so Mangione’s lawyers can focus on his state murder trial, which is scheduled to begin on Sept. 8.

Jury selection in the federal case will begin on Jan. 5, instead of Oct. 13, followed by opening statements and testimony on Jan. 25, instead of Nov. 4, Garnett said at a hearing in Manhattan.

Garnett said she will not release the questionnaire that prospective jurors will be required to fill out until after the panel is chosen. Having it circulating online for months before jury selection “would only make what promises to be a difficult task more difficult,” she said.

Wearing a beige jail suit, Mangione looked bemused as a pair of deputy U.S. Marshals led him into the courtroom about 20 minutes after the hearing was supposed to start. He briefly gazed at the courtroom gallery, where about two dozen of his supporters were sitting.

“Mangione was late due to elevator problems,” the court said in a statement.

It was the second mishap involving Mangione’s arrival to a court hearing in recent weeks.

A June 16 hearing in the state case was delayed a day after prosecutors failed to inform his jail that he was needed in court.

Garnett said she had hoped “with perhaps undue optimism” to hold the federal trial in the fall but that “we can no longer wait to see what happens” in the state case.

“In my view it’s simply impossible to be moving through the jury selection process in this case while the defendant and his counsel are fully occupied by conducting the state trial,” Garnett said.

Mangione’s lawyers declined to comment to reporters afterward.

Mangione has pleaded not guilty to state and federal charges in the Dec. 4, 2024, killing. He could spend his life in prison if convicted in either case.

The 28-year-old Ivy League graduate appeared energetic and engaged during Monday’s brief hearing. He watched intently at times, knitting his fingers and resting his chin on them.

He spoke animatedly with his lawyers, Karen Friedman Agnifilo and Marc Agnifilo, before the proceeding began, gesturing with his hands as he sat between them at the defense table.

Mangione’s federal charges allege that he traveled across state lines by bus to stalk and kill Thompson. He’s accused of using a cellphone, the internet and interstate highways, among other means, while planning and carrying out the attack, as well as staying at a hostel that serves out-of-state customers.

At a hearing in the state case in February, Mangione spoke out against the prospect of two trials, telling the judge: “It’s the same trial twice. One plus one is two. Double jeopardy by any commonsense definition.”

Mangione’s lawyers had argued that back-to-back trials on a compressed timeline would violate his constitutional rights.

Thompson, 50, was killed as he walked to a Manhattan hotel for UnitedHealth Group’s annual investor conference.

Surveillance video showed a masked gunman shooting him from behind. Police say “delay,” “deny” and “depose” were written on the ammunition, mimicking a phrase used to describe how insurers avoid paying claims.

Mangione was arrested five days later at a McDonald’s in Altoona, Pennsylvania, about 230 miles (370 kilometers) west of Manhattan.

In January, Garnett took the death penalty off the table but ruled that prosecutors could use items collected from Mangione’s backpack during his arrest as evidence against him.

They included a 3D-printed pistol that investigators said matched the one used to kill Thompson and a notebook in which authorities say Mangione described his intent to “wack” an insurance executive.

Earlier this month, Mangione’s lawyers said they would pursue a psychiatric defense in the state case, but reversed course a day later. The defense, involving claims that he was suffering from extreme emotional disturbance at the time of the killing, isn’t allowed in federal court.

Mangione has become a cause célèbre for people upset with the health insurance industry.

An online fundraiser for his legal defense fund has raised more than $1.5 million and his court appearances have attracted a cadre of supporters, some of whom have worn “FREE LUIGI” T-shirts and green clothing — the color worn by the Mario Bros. video game character Luigi.