By Damian J. Troise Associated Press
NEW YORK — Stocks were higher in afternoon trading Monday, as weakness in technology companies was more than offset by strength in banks and other sectors. Investors continued to closely watch the bond market, where another tick up in bond yields was giving some investors pause.
The S&P 500 index was up 0.5% as of 12:02 p.m. Eastern. Bank stocks helped lift the Dow Jones Industrial Average 460 points, or 1.5%, to 31,956. The technology-heavy Nasdaq composite fell 0.7%.
Financial stocks were among the best performers. Wells Fargo, JPMorgan Chase and Citigroup were up 2% or more.
Tech stocks, which have been negatively
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