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The S&P 500 rose about 0.8 percent on Monday, a second consecutive day of gains, while the technology-heavy Nasdaq composite was lower.
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Apple was among the worst-performing stocks in the S&P 500, with a decline of about 2 percent. Shares of energy producers were also lower, as crude oil prices dipped.
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Yields on 10-year U.S. Treasury notes rose as high as 1.60 percent, the highest level in more than a year.
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Most European stocks were higher, with the Stoxx Europe 600 rising more than 2 percent.
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On Friday, the S&P 500 had jumped 2 percent after Labor Department data showed U.S. employers added 379,000 to their payrolls in February, nearly double the number economists’ forecast. But in recent weeks, good economic data has rattled markets, sending bond yields sharply higher, amid concerns that it will fuel higher inflation and central banks will have to pull back on easy-money policies.
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Many central bank policymakers, including from the Federal Reserve, have pushed against those concerns and tried to reassure markets that there will be plenty of warning before any chance in policy.
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On Monday, Andrew Bailey, the governor of the Bank of England, said there was growing economic optimism in markets and consumer and business confidence. But he added “a note of realism” that the recovery was from a low starting point. Low interest rates and the central bank’s bond-buying program were “amply” justified.
Elsewhere in markets
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Oil futures were lower….
