Stocks bounced back from a wobbly start Monday to notch a fifth-straight gain, as Wall Street continued to eye the bond market. Treasury yields pulled back from Friday’s sharp increase. The S&P 500 index rose 0.7% to a new high as technology and consumer discretionary shares’ gains were offset by falling banks and energy stocks. The Dow Jones Industrial Average gained 0.5%. The Nasdaq Composite jumped 1.1%. Investors focused on the U.S. and global economic recovery from the pandemic. Bond yields ticked mildly lower on Monday, with the 10-year U.S. Treasury note falling to 1.61% from 1.62% on Friday.
