U.S. stocks closed higher, recovering roughly half of Wall Street’s losses from last week.
The S&P 500 rose 0.7% Monday. The Dow Jones Industrial Average added 87 points, and the Nasdaq composite climbed 1.1%.
Treasury yields held relatively steady after a swift rise earlier hurt stock prices. Where yields head next will likely depend on several big U.S. economic reports due this upcoming week on inflation and retail sales. They’re among the last pieces of data that could sway the Federal Reserve on what to do with interest rates before its meeting next week.