Stock market news live updates: Stocks rally as tech shares rebound, S&P 500 jumps 2.4% in best session since June 2020

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(Yahoo Finance)

U.S. stocks staged a rebound rally on Monday, with each of the S&P 500, Dow and Nasdaq jumping as retreating Treasury yields and vaccine optimism boosted risk assets.

The S&P 500 surged by more than 2% in its best session since June 2020, and the Nasdaq and small-cap Russell 2000 outperformed with gains of more than 3% each. The financials, information technology and industrial sectors led the S&P 500’s comeback after a bout of volatility last week. A sell-off in tech shares sent the Nasdaq down 4.9% last week for its worst weekly performance since October.

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