Skip to content

Dip Buyers Save the Day as Stocks Finish Higher: Markets Wrap

  • Technology-heavy Nasdaq 100 outperforms major benchmarks
  • Treasury 10-year yields trade near 3% as dollar advances
Video player cover image
The Rate Debate: Where Will the 10-Year Yield Peak?Source: Bloomberg
Updated on

Stocks closed higher at the start of a week that’s likely to be marked by unnerving market gyrations, with the Federal Reserve expected to deliver its biggest rate hike in two decades.

Dip buyers emerged after the worst month for the S&P 500 since the onset of the pandemic, sending the benchmark gauge up after a slide that reached 1.7% earlier Monday. The technology-heavy Nasdaq 100 outperformed amid a rally in giants like Microsoft Corp. and Tesla Inc. Treasury 10-year yields traded near 3%, climbing alongside the dollar.