Nasdaq snaps 4-day losing streak, tech shares rise despite higher yields
(Pixabay)
(CNBC) -- The Nasdaq Composite snapped a four-day losing streak on Monday, even as Treasury yields reached levels not seen in over a decade.
The tech-heavy index gained 1.6%, on its biggest one-day advance since July 28, when it rallied 1.9%. The S&P 500 gained 0.69%. The Dow Jones Industrial Average fell slightly.
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Palo Alto Networks rallied 14.5% on stronger-than-expected earnings, and Nvidia popped 8.3% ahead of its earnings report due Wednesday. Tesla and Meta climbed 7% and 2.4%, respectively. The S&P 500 tech sector gained 2.3% on Monday.
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