Wall Street surges as bond yields dive, Dow Jones jumps 765 points

NEW YORK, New York - A correction in bond yields saw a surge in stocks Monday. The 10-year U.S. treasury which topped 4 percent last week, swooned to 3.65 percent Monday.

"It's pretty simple at this point, 10-year Treasury yield goes up, and equities likely remain under pressure," Raymond James' Tavis McCourt told CNBC Monday. "It comes down, and equities rally."

The Dow Jones industrials surged 765.38 poin