Pullback in Treasury yields from overnight highs has also been supportive of the stock market thus far.
The 2-yr note yield, at 4.86% overnight, fell to 4.79%. The 10-yr note yield, at 3.96% overnight, fell to 3.90%.
Market breadth reflects the strong positive bias behind today’s gains. Advancers lead decliners by a nearly 5-to-1 margin at the NYSE and a nearly 3-to-1 margin at the Nasdaq.