U.S. stocks rose to a nearly four-week high Monday as continuing gains in Treasuries pushed yields further below 2.9 percent, alleviating investor angst that higher rates will accelerate fiscal tightening. Oil climbed with gold.
The S&P 500 Index gained for a third day and the Dow Jones Industrial Average climbed to its highest level in almost a month, buoyed by strength in technology and financial shares. Volume was lower than usual as investors await the first public comments from Federal Reserve Chairman Jerome Powell on Tuesday. The 10-year yield fell for a third straight day, reaching a two-week low. The dollar was little changed.