The Dow Jones Industrials pointed upward 17.89 points during Monday lunch hour to 33,145.17.
The S&P 500 index gained 12.04 points to 4,236.20.
The NASDAQ index jumped 68.17 points to 13,051.98.
Shares of oil major Chevron slipped nearly 3% following news that the company would purchase peer Hess in an all-stock deal. Pharmacy giant Walgreens ticked up 2% following an upgrade from JPMorgan while online security stock Okta slipped 8% following a data breach.
Earnings season ramps up this week, with a slew of big tech titans set to report. Investors will anticipate results from Alphabet, Amazon, Meta and Microsoft to provide key information for the stock market.
Interest rates have soared in recent weeks, with the 10-year’s break above 5% on Thursday marking the first such occurrence for the benchmark since July of 2007. Comments from Federal Reserve chair Jerome Powell that monetary policy could tighten further seemingly stoked investor concern and underpinned the rise in Treasury yields.
Prices for the 10-year Treasury moved forward, lowering yields to 4.87% from Friday’s 4.91%. Treasury prices and yields move in opposite directions.
Oil prices slid 87 cents to $87.21 U.S. a barrel.
Gold prices sagged $5.30 to $1,989.10.