Stock Market Update

[BRIEFING.COM] Treasury yields turned higher in recent action, but that hasn't deterred buying in the stock market. The 10-yr yield is up one basis point from Friday at 4.41% and the 2-yr yield is up two basis points to 4.26%.

The S&P 500 and Nasdaq Composite trade 0.4% and 0.9% higher, respectively. The equal-weighted S&P 500 sports a 0.1% gain and market breadth is positive. Advancers lead decliners by an 11-to-10 margin at the NYSE and by a 4-to-3 margin at the Nasdaq. 

Market participants are motivated to buy on weakness after last week's declines in the major indices. The buy-the-dip trade coincides with a seasonally strong period in the market, drawing in additional buying interest.