Market Highlights

Technology stocks propelled an advance in global equities as traders kicked off a data-packed week more optimistic that the Federal Reserve will cut interest rates in December. The S&P 500 rose 1.5% and the tech-heavy Nasdaq 100 ended Monday’s session more than 2% higher. While the former notched its best day in six weeks, the latter gained the most since May. Bitcoin reversed an earlier drop. The US 10-year Treasury yield declined to 4.03%. Oil pushed higher as traders weighed the prospect of a Ukraine-Russia peace deal. Technology stocks propelled an advance in global equities as traders kicked off a data-packed week more optimistic that the Federal Reserve will cut interest rates in December.