Wall Street's major averages advanced on Monday as technology stocks rebounded sharply and U.S.-Iran tensions eased. The Dow rose 0.4%, the S&P 500 gained 0.8%, and the Nasdaq Composite climbed 1.5%. Five of the 11 S&P 500 sectors were higher, led by communication services, while materials lagged. Comcast jumped 6.5% after announcing plans to spin off its media and technology businesses into two separate public companies. Treasury yields were little changed, with the 10-year note adding 1 basis point to 4.38%.
Comcast CorpComcast announced plans to spin off its media and technology businesses into two separate public companies, driving a 6.5% jump.
Rocket Lab USA Inc.
Sandisk Corp