US stocks rose on Monday as investors bet that forthcoming economic data would ease the pressure on the Federal Reserve to continue lifting interest rates.
Wall Street’s blue-chip S&P 500 index finished 1.1 per cent higher, with all sectors except energy making gains. The tech-heavy Nasdaq Composite added 1.5 per cent. US equities last week recorded their biggest five-day decline in two months.
US stocks have declined and government bonds yields have jumped since data in early February showed the economy added more than 500,000 jobs in the first month of the year, roughly triple the number that had been forecast.
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