NEW YORK (AP) — Wall Street climbed to the edge of its all-time high, and stocks rallied worldwide after oil prices and yields in the bond market surrendered their market-rattling gains from last week.
The S&P 500 jumped 1.5% Monday and pulled within 0.4% of its record. The Dow Jones Industrial Average added 0.7%, and the Nasdaq composite climbed 2.3% as chip stocks led the way.
Stocks benefited from a drop for Brent oil back toward $100 per barrel, while the 10-year Treasury yield fell to 4.95%.
The easing pressure helped indexes rise more than 1% from Germany to Hong Kong to South Korea.