At the start of the week, the U.S. stock market is attempting to break the negative streak of four consecutive sessions in the red, with all major indices for large-cap stocks showing gains at midday trading in New York.

The outperformance of value stocks compared to growth stocks continues, as the ratio between Vanguard Value ETF (NYSE:VTV) and Vanguard Growth ETF (NYSE:VUG) reaches its highest point since mid-June.

A climb in Treasury yields is resuming, particularly in longer maturities, with the 10-year and 30-year yields rising by 6 basis points to 4.1% and 4.27%, respectively.

Recent Federal Reserve speakers have sent conflicting messages, while the anticipated auction sizes for this month are weighing on Treasuries.

Cues From Monday’s Trading:

The S&P 500 Index gained 0.6%, while blue chips in the Dow Jones Industrial Average outperformed, gaining 350 points or 1% on the day.

The tech-heavy Nasdaq 100 index edged 0.3% higher, while small caps in the Russell 2000 weakened, easing 0.2%.

US Index Performance On Monday

Index Performance (+/-)Value
Nasdaq 100+0.31%15,328.64
S&P 500 +0.62%4,506.33
Dow Industrials+0.98%35,410.42
Russell 2000-0.16%1962.47

Monday’s Trading In Major US Equity ETFs: In midday trading on Monday, the SPDR S&P 500 ETF Trust (NYSE:SPY) was 0.6% higher to $449.61, the SPDR Dow Jones Industrial Average ETF (NYSE:DIA) rose 0.96% to $354.03 and the Invesco QQQ Trust (NASDAQ:QQQ) was 0.4% higher to $373.61, according to Benzinga Pro data.

All U.S. equity sectors traded in the green, excluding the Technology Select Sector SPDR Fund (NYSE:XLK), which inched 0.1% lower.

The Financial Select Sector SPDR Fund (NYSE:XLF) was the best performer of the day, up 1.4%, followed by the Communication Services Select Sector SPDR Fund (NYSE:XLC), up 1.3%.

See also: How To Trade Futures

Stocks In Focus:

Berkshire Hathaway, Inc.'s (NYSE:BRK) (NYSE:BRK) Class B shares moved up over 4%, reaching new all-time highs, in reaction to the investment holding company's quarterly results released Saturday.

Moderna Inc. (NASDAQ:MRNA) tumbled 8%, being both the S&P 500’s and Nasdaq 100’s worst performer of the day, on track for its sixth straight day of losses.

Booking Holdings Inc. (NYSE:BKNG) rose 4.7%, following a slew of analyst price target increases.

Companies reporting after the close include ADTRAN Holdings, Inc. (NASDAQ:ADTN), Lucid Group, Inc. (NASDAQ:LCID), Paramount Global (NASDAQ:PARA) and Palantir Technologies, Inc. (NYSE:PLTR).

Commodities, Bonds, Other Global Equity Markets:

Crude oil weakened 0.4%, with a barrel of WTI-grade crude trading at $82. The United States Oil Fund ETF (NYSE:USO) was 0.2% lower to $73.  

Treasury yields rose further, with the 10-year yield up by 6 basis points to 4.1% and the two-year yield up by 6 basis points to 4.28%. The iShares 20+ Year Treasury Bond ETF (NYSE:TLT) was 0.8% lower for the day. 

The dollar slightly gained, with the U.S. dollar index, which is tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP), up 0.1%. The EUR/USD pair, which is tracked by the Invesco CurrecyShares Euro Currency Trust (NYSE:FXE), was 0.1% lower to 1.10.

European equity indexes closed in the green. The SPDR DJ Euro STOXX 50 Etf  (NYSE:FEZ) rose 1%. 

Gold fell 0.4% to $1,934/oz. The SPDR Gold Trust (NYSE:GLD) was 0.3% lower to $179. Silver fell 2.1% to $23.12, with the iShares Silver Trust (NYSE:SLV) down 2% to $21.22. Bitcoin (CRYPTO: BTC) was 0.3% lower to $28,931.

Staff writer Piero Cingari updated this report midday Monday. 

Read Next: Fed’s Bowman Says Inflation And These 2 Factors Could Guide Future Monetary Policy Action, Even As She Hints At More Future Rate

Photo via Pixabay.

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