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Stocks Rise as Higher Yields Keep Check on Rally: Markets Wrap

  • Amazon.com advances after implementing a stock split
  • Treasuries fall, sending swath of yields back above 3%
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Inflation Will Come Down Over Summer, Says UBS' KaiserSource: Bloomberg
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The push and pull between bond yields and equities continued Monday, with stock gains kept in check by a drop in Treasuries that pushed a swath of rates above 3%. 

The S&P 500 held onto a gain in a choppy session that saw the index climb as much as 1.5% before paring it back. Blue chips in the Dow Jones Industrial Average were little changed. Amazon.com Inc. rose after implementing a 20-for-1 stock split. Twitter Inc. fell after Elon Musk said he believes the company is breaching their merger agreement by not providing information about spam and fake accounts he demanded.