U.S. markets climbed higher again on Monday as tech stocks helped power the Nasdaq Composite Index up 1.2%. The S&P 500 jumped 0.7% while the Dow Jones Industrial Average gained 0.3%.
In Treasury markets, the yield on the 10-year Treasury note fell to 1.682% from 1.729% signaling investors are less worried (today, anyway) about any pending inflation in the economy. Over the weekend, the former Treasury Secretary under Bill Clinton warned that the current economic policy was the “least responsible in 40 years” and that inflation could become a serious problem. He also cautioned against the possibility of stagflation.
Some of today’s best performing stocks included Apple, with shared up 2.8% and Intel, up 2.9%. Shares of Tesla rose 2.3%.