Nation & World News
NEW: Stocks climb on Wall Street as appetite for risk returns
Stocks closed broadly higher on Wall Street as investors regained an appetite for risk following two straight weeks of losses.
The S&P 500 rose 1% Monday, with technology stocks leading the gains. Microsoft and Google’s parent company both rose more than 2%, and the tech-heavy Nasdaq rose 1.4%.
Safe-play sectors including utilities lagged the rest of the market.
Virgin Galactic jumped almost 28% after the company made its first rocket-powered flight from New Mexico to the fringe of space in a manned shuttle over the weekend. Crude oil prices rose more than 3%. The yield on the 10-year Treasury note fell to 1.60%.
