Stocks are opening higher on Wall Street Monday, extending a rally into its fourth week.
Banks and industrial companies had some of the biggest gains in the first few minutes of trading.
The Dow Jones industrial average rose 274 points, or 1% in early trading. S&P 500 index gained 0.4%
The S&P 500 is back within 5.3% of its record set in February, as optimism strengthens that the worst of the coronavirus-induced recession may have already passed. Its rise follows up on modest moves made in Europe and Asia.
Small-company stocks continued to outpace the rest of the market as investors upgraded their outlook for the economy.
Treasury yields were holding near their highest levels in months.