Nasdaq ends 4-day losing streak as U.S. stocks bounce back after 3 straight weekly losses

U.S. stocks finished higher on Monday, led by gains in technology shares as the S&P 500 and the Nasdaq Composite regained their footing following a losing week on Wall Street, while Treasury bonds resumed their selloff ahead of a speech by Federal Reserve Chair Jerome Powell later this week. The Nasdaq Composite
COMP,
+1.56%
jumped 1.6% to book its best day since July 28, while snapping its four-day losing streak, according to Dow Jones Market Data. The S&P 500
SPX,
+0.69%
advanced 0.7% to book its largest one-day percentage gain in two weeks, while the Dow Jones Industrial Average
DJIA,
-0.11%
ended nearly flat, at 34,464, after tumbling nearly 252 points earlier in the session. Shares of Nvidia Corp.
NVDA,
+8.47%
jumped 8.5% as investors awaited the chipmaker to report earnings Wednesday after the bell. Tesla
TSLA,
+7.33%
stocks also rebounded to end a six-day losing streak after brokerage Baird Equity Research added the stock to its “best ideas” list. Treasury yields continued to rise on Monday with the yield on the 10-year Treasury
TMUBMUSD10Y,
4.365%
up 8.8 basis points to 4.339%. The rate closed at its highest level since Nov. 6, 2007, according to Dow Jones Market Data.