NEW YORK (AP) — Stocks rallied in afternoon trading on Wall Street Monday following seven weeks of declines that nearly ended the bull market that began in March 2020. The S&P 500 rose 1.8%, the Dow Jones Industrial Average rose 1.9% and the Nasdaq rose 1.3%. Banks and technology stocks made some of the strongest gains. European markets were higher and Asian markets closed mixed overnight. Treasury yields rose. The yield on the 10-year Treasury note, which helps set mortgage rates, rose to 2.86%. VMWare soared following a report that chipmaker Broadcom is in talks to buy it.
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