U.S. stock-market benchmarks surged Monday, with the S&P 500 booking its best day of gains since June, as a gauge of manufacturing activity showed the economy was picking up steam at the start of the year.
Strategists also attributed the enthusiasm to a cool-down of last week’s rapid rise in bond yields that had unsettled the bullish mood on Wall Street and threatened to offset the easy-money policies implemented by the Federal Reserve.
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S&P 500 scores best day gain in about 9 months, as March kicks off with brighter economic outlook - MarketWatch
