S&P 500 +1.5% to Within 0.4% of Record as Oil Eases to $100
Wall Street staged a broad relief rally Monday, with the S&P 500 jumping 1.5% to within 0.4% of its all-time high, the Dow adding 366 points, and the Nasdaq soaring 2.3% to a record. Brent crude's 3.4% drop to $100.34 and the 10-year Treasury yield's retreat to 4.95% eased the dual inflation/discount-rate squeeze that rattled markets last week. For investors, this confirms that equity upside remains highly sensitive to energy and rates.
Source: news-gazette.com · latimes.com