Wall Street climbs on tech gains as U.S. Treasury yields dip

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Reuters

By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks climbed on Monday, with the Nasdaq jumping more than 1% as a retreat in U.S. Treasury yields helped lift expensive stocks in sectors such as technology as investors attempt to gauge the trajectory of inflation. Among the 11 major S&P sectors, technology advanced 1.76% and communication services rose 1.84% as the top performing on the session, as yields on the benchmark 10-year Treasury bond hit a two-week low, which also buoyed other richly-valued growth stocks. Inflation concerns cooled for the time being as investors may be starting to vi…

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