(RTTNews) - U.S. stocks are up firmly in positive territory a little past noon on Monday, supported by lower Treasury yields and easing concerns about inflation due to a sharp drop in oil prices. Oil prices fell sharply on hopes the diplomatic efforts by U.S. and Iran will help de-escalate tensions in the Middle East. Yield on 10-year US bond dropped below the 5 percent mark. Tech stocks are up amid renewed optimism about outlook for large AI hyperscalers. Energy stocks are under pressure. The major averages are all up with solid gains. The Dow is up 297.27 points or 0.58 percent at 51,979.91. The S&P 500 is up 95.95 points or 1.25 percent at 7,746.45, while the Nasdaq is up 489.84 points or 1.85 percent at 27,012.39.
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