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US Stocks Notch Moderate Gains to Start the Week: Markets Wrap

  • Zoom rose in late trading after an upbeat profit forecast
  • Fed Governor Jefferson stood by central bank’s 2% goal
Bloomberg business news
US Growth, Inflation Returning to Pre-Covid Era, Says Columbia Threadneedle's TannuzzoSource: Bloomberg
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US stocks ended Monday with modest gains after fluctuating for the final stretch of the trading session as investors attempted to come to terms with Federal Reserve policy that could remain restrictive for longer than previously expected.

The S&P 500 and the Nasdaq 100 bounced back after a dismal week for Wall Street. The 10-year Treasury yield slid to hover around 3.92%. A dollar index retreated.