U.S. main stock indexes rose on Monday as investors piled into beaten-down megacap growth stocks.
Further buoying gains in megacap names was declining yields on the U.S. 10-year Treasury note after hitting a fresh six-week high earlier in the day.
A fall in Treasury note yields indicate traders expect greater return from investments in risky assets.Advancing issues outnumbered decliners by a 2.26-to-1 ratio on the NYSE and by a 1.31-to-1 ratio on the Nasdaq. The S&P index recorded three new 52-week highs and no new low, while the Nasdaq recorded 39 new highs and 41 new lows.Our Standards:
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