Dow, S&P 500 posts first gain in four sessions despite Treasury yield surge

The Dow, S&P 500 and Nasdaq each posted their first gain in four session on Monday, even as Treasury yields continued to surge in the days since the Federal Reserve signaling rates could stay high through next year. The Dow Jones Industrial Average DJIA gained about 43 points, or 0.1%, ending near 34,006, while the S&P 500 index SPX and Nasdaq Composite Index COMP gained 0.4% and 0.5%, respectively, according to preliminary FactSet data. The bounce in equities came despite a continued march higher for benchmark borrowing rates that underpin the economy, with the 10-year Treasury yield BX:TMUBMUSD10Y jumping 10 basis points…