By Anna Hirtenstein and Alexander Osipovich U.S. stocks advanced Monday, led by rebounding shares of technology and communications companies, as investors grew more comfortable with the. | May 24, 2021
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By Anna Hirtenstein U.S. stock futures edged up and bond yields crept lower as investors grew more comfortable with the inflation outlook and the pace of the economic recovery. Futures.
Provided by Dow Jones
By Anna Hirtenstein U.S. stocks rose and bond yields crept lower as investors grew more comfortable with the inflation outlook and the pace of the economic recovery. The S&P 500 added 0.6%, a positive start to the week after the broad-market index fell moderately for two weeks in a row. The Nasdaq Composite Index rose 0.7% as technology stocks scored gains after the opening bell. The Dow Jones Industrial Average added 0.5%. Investors are keeping a close eye on inflation indicators to determine whether a rise in prices will be temporary or longer-term. Companies that are able to pass along higher costs to consumers such as in energy and materials have been an increasingly popular trade, while technology companies shares and bonds have lagged.
Provided by Dow Jones
By Anna Hirtenstein and Alexander Osipovich U.S. stocks advanced Monday, led by rebounding shares of technology and communications companies, as investors grew more comfortable with the inflation outlook and the pace of the economic recovery. The tech-heavy Nasdaq Composite rose 1.6% in afternoon trading, adding to its recovery after it eked out a small gain last week and snapped a four-week losing streak. The S&P 500 climbed 1.2%. The Dow Jones Industrial Average gained 230 points, or 0.7%. Investors are keeping a close eye on inflation indicators to determine whether a recent rise in prices is temporary or part of a longer-term trend. Energy and materials companies that are able to pass along higher costs to consumers have been an increasingly popular trade, while tech companies shares and bonds have lagged behind.