Stocks Rally on Wall Street in Latest Volatile Move

[Epoch-Times-Bot]

Stocks Rally on Wall Street in Latest Volatile Move

Wall Street kicked off a busy week of corporate earnings with a broad rally Monday, the latest about-face for a market that has been unsteadily lurching between gains and losses in recent weeks.
The S&P 500 climbed 2.6 percent, more than recovering the ground it lost in a sell-off Friday. The Dow Jones Industrial Average rose 1.9 percent and the Nasdaq composite added 3.4 percent.
Nearly all of the stocks in the benchmark S&P 500 index rose, with technology and communications companies among the biggest gainers. Apple climbed 2.9 percent and Google’s parent company rose 3.7 percent.
Bond yields eased back from their multiyear highs and took some pressure off of stocks. The yield on the 10-year Treasury, which influences mortgage rates, held steady at 4.02 percent. The yield on the 2-year Treasury, which tends to track expectations for future Federal Reserve action, fell to 4.46 percent from 4.50 percent late Friday....

Source: Stocks Rally on Wall Street in Latest Volatile Move

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