Traders on the floor of the New York Stock Exchange monitor share price boards Monday (local time). [AFP]
Traders on the floor of the New York Stock Exchange monitor share price boards Monday (local time). [AFP]

All three major New York stock indexes rose Monday even as US government bond yields hit new highs.

The Dow Jones Industrial Average closed up 90.94 points, or 0.18 percent, at 51,267.90 (local time). The S&P 500 gained 51.23 points, or 0.66 percent, to finish at 7,773.95. The Nasdaq Composite rose 286.45 points, or 1.05 percent, to close at 27,477.31.

US government bonds continued to face selling pressure, with 10-year and 30-year yields climbing to their highest levels since 2002 during trading. Despite the pressure, Wall Street held its ground, and the Nasdaq Composite hit a record high, driven by gains in technology stocks.


kate01@heraldcorp.com