The S&P 500 rose 0.3% as of 12:01 p.m. Eastern. The Dow Jones Industrial Average rose 227 points, or 0.6%, to 35,830 and the Nasdaq fell 0.7%.
Bond yields moved solidly higher. The yield on the 10-year Treasury rose to 1.59% from 1.54% late Friday. Banks, which rely on higher yields to charge more lucrative interest on loans, led gains for the broader market. Bank of America rose 2.4%.
Companies that make household and personal care products also made solid gains. Procter & Gamble rose 1.3% and Kroger rose 4.2%.
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