Stock Market Today: Stocks Nudge Higher as Treasury Yields Spike
Stocks opened the week's trading solidly higher amid reports that China is easing some of its COVID-related restrictions following a roughly two-month lockdown across several heavily populated areas of the country.
Additionally, a report in The Wall Street Journal indicated Chinese officials are nearing an end to their probes into several U.S.-listed firms – including ride-hailing company Didi Global (DIDI, +24.3%) – adding to signs Beijing may be taking steps to boost economic growth.
"While there may be little excitement in the (, +6.2%), DiDi Global, (, +2.5%) and (, +6.5%) saw significant gains."
