US stock indices rose slightly on Monday as oil prices retreated after a recent rally and Treasury yields surged to their highest level since last November.
At 9:49 a.m. ET, the Dow Jones Industrial Average was up 72.78 points, or 0.19 per cent, at 38,976.82, the S&P 500 was up 0.83 points, or 0.02 per cent, at 5,205.17, and the Nasdaq Composite was up 14.24 points, or 0.09 per cent, at 16,262.76.
At the opening bell, the Dow Jones Industrial Average rose 12.38 points, or 0.03 per cent, to 38,916.42. The S&P 500 opened higher by 7.03 points, or 0.14 per cent, at 5,211.37, while the Nasdaq Composite gained 36.66 points, or 0.23 per cent, to 16,285.18.
The yield on the 10-year Treasury rose to its highest level since last November earlier in the session. The yield was last at 4.417 per cent.
For clues on Fed’s future monetary policy, investors are awaiting the Consumer Price Index (CPI) data and FOMC minutes of March meeting, both due on Wednesday.
