Wall Street stock rose broadly in morning trading on
Monday, led by heavy gains in big technology companies.

The S&P 500 rose 51.35 points or 1.25% to 4,159.89 as
of 10:16 a.m. Eastern Time Zone. The Dow Jones Industrial Average rose 310.78
points or 0.94% to 33,210.48. The Nasdaq rose 202.53 points or 1.69% to
12,215.27.

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Technology stocks led to much of the heavy gains for the
market. Companies in the sector, which have pricey stock values, tend to give
the market a harder push higher or lower. Apple surged 1.9%.

Banks gained ground along with rising bond yields, which
allow them to charge higher interest rates on mortgages and other loans. The
yield on the 10-year Treasury rose to 2.99% from 2.95% late Friday. Bank of
America surged 1.9%.

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Many big companies were moving on a mix of deals and
other news. Twitter slipped 4.2% after Tesla CEO Elon Musk threatened
to call off his deal to buy the company, saying Twitter was refusing to hand
over data. Spirit Airlines jumped 4.3% after JetBlue raised its offer to buy
the rival carrier, and Amazon rose 4.7% after executing a 20:1 stock split.

Major indexes opened the week with gains as the broader
market remains in a slump. The benchmark S&P 500 index is coming off of its
eighth losing week in the last nine.

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Rising inflation has been impacting businesses and consumers.
Concerns about inflation have also triggered the Federal Reserve to
aggressively raise interest rates in an attempt to slow the economy enough to
control inflation. Investors are worried that raising interest rates too
quickly or by too much could cause a recession.

Higher interest rates kept the stocks and other
investments under pressure.

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Investors will get more data on inflation’s impact on
Friday from the Labor Department’s May report on consumer prices.

The Russia-Ukraine war is still adding to the pressure on
rising inflation with high energy prices. Lockdowns in China because of
COVID-19 have also added to worries about worsening supply chain problems, but
some of those measures are being lifted.

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Solar energy companies also gained ground following
reports that the US could lift tariffs on some Chinese imports like solar
panels. Sunrun surged 9% and SunPower jumped 5.4%.