U.S. stocks climbed on Monday as the market attempted to recover some of the losses caused by the Federal Reserve’s policy shift.
The 30-stock index sprang back to life in the first hour of Monday’s session, jumping 407.69 points, or 1.2%, to start the week at 33,697.77, rebounding from its worst week since October.
The S&P 500 recouped 35.41 points to 4,201.86,
The NASDAQ restocked 37.15 points to 14,068.02, as some key tech names including Amazon, Tesla and Netflix all traded in the red.
Commodity stocks that were hit hard last week were rebounding, including Exxon and Chevron, up about 1% apiece. Reopening plays including Gap and Boeing were higher. Banks including JPMorgan, Bank of America and Goldman Sachs also rebounded.
Prices for 10-Year Treasurys stumbled, raising yields to 1.48% from Friday’s 1.44%. Treasury prices and yields move in opposite directions.
Oil prices tacked on 39 cents to $72.03 U.S. a barrel.
Gold prices recovered $6.10 to $1,775.10 U.S. an ounce.