Stock Market Today: Dow turns up, S&P 500 and Nasdaq rally as tech stocks bounce; oil prices slip while yields tick up

Stocks rallied Monday as tech bounced back, with the S&P 500 and Nasdaq climbing while the Dow turned positive. Oil prices slipped and Treasury yields ticked up, according to MarketWatch's Monday market coverage.

The tape shows a clear leadership rotation. Technology led the rebound, pulling the Nasdaq and S&P 500 higher and dragging the price-weighted Dow back into positive territory after it trailed the other major indexes. For traders tracking SPY and QQQ exposure, the Nasdaq-heavy bounce points to tech as the driver of Monday's risk appetite.

The cross-asset picture adds nuance. Oil's decline removes one potential source of inflation pressure, while rising yields run in the opposite direction by raising the discount rate applied to growth stocks. Interpretation: equities are currently prioritizing the tech rebound over the yield uptick, but that tension is worth monitoring, since higher yields have historically weighed most heavily on the same Nasdaq names now leading the rally.

The dollar side of the macro trade, tracked through DXY, sits alongside these moves. Higher yields often support the greenback, though the source does not report a DXY move, so treat any dollar read-through as an open question rather than a confirmed signal.