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Stocks Surge, With S&P 500 Logging Best Day Since June—Update

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Dow Jones
By Alexander Osipovich and Joe Wallace
U.S. stocks surged Monday, giving the S&P 500 its best day in nearly nine months, as a weekslong advance in government-bond yields stalled and eased investors jitters over rising interest rates.
The broad stock market index soared 90.67 points, or 2.4%, to 3901.82, its biggest one-session rise in percentage terms since June 5.
The Dow Jones Industrial Average climbed 603.14 points, or 1.9%, to 31535.51, while the technology-heavy Nasdaq Composite jumped 396.48 points, or 3%, to 13588.83.
The gains marked a strong rebound after all three indexes declined last week, weighed down by losses among tech stocks. Monday s advance came as the yield on 10-year Treasury notes, the benchmark borrowing cost in U.S. debt markets, slipped to 1.444% from 1.459% Friday. Yields fall when bond prices rise. ....

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U.S. Stocks Open Higher as Bond Markets Calm

By Joe Wallace
Stocks climbed in early trading Monday as investors awaited a slate of Federal Reserve speakers and data on the manufacturing sector.
The S&P 500 rose about 1.3% and the Nasdaq Composite Index advanced 1.6% after a bruising week for technology stocks. The Dow Jones Industrial Average added 397 points, or 1.3%.
The broad advance came as the yield on 10-year Treasury notes, the benchmark borrowing cost in global debt markets, slipped to 1.43% from 1.459% Friday. Yields fall when bond prices rise.
Stocks, and particularly shares of tech companies, have been buffeted by volatile moves in government-bond markets in recent trading sessions. A lurch higher in yields last week called into question the prospect of a long period of low interest rates, which had underpinned the past year s booming rally in stocks. ....

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Dow Industrials on Track for Best Day Since November

Dow Industrials on Track for Best Day Since November
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U.S. Stocks Climb as Bond Markets Calm

U.S. Stocks Climb as Bond Markets Calm
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Stocks Surge, With S&P 500 on Track for Best Day Since June

Stocks Surge, With S&P 500 on Track for Best Day Since June
morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.

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