U.S. stocks rose broadly in morning trading on Monday and Treasury yields eased off their multiyear highs as Wall Street leaves behind the worst month since the virus pandemic crashed global markets.
The S&P 500 rose 1.8% as of 10:23 a.m. Eastern. The Dow Jones Industrial Average rose 576 points, or 2%, to 29,305 and the Nasdaq rose 1.3%.
Energy stocks made the biggest gains as U.S. crude oil prices jumped 5.4%. Exxon Mobil rose 4%. The oil cartel OPEC is expected to announce production cuts this week. Technology stocks also made strong gains. Microsoft rose 1.5%.
