Dow, S&P 500 Edge Up; AMC, American steel stocks under the microscope

US stocks mostly rose on Monday ahead of earnings reports and economic data that may shed light on the health of the US consumer.

Early in the trading session, the bond market appeared to be taking center stage, with the 10-year Treasury yield threatening a rally of more than a decade. Yields eased later, with the 10-year yield around 4.170% — down from 4.215% earlier in the day and close to where it settled on Friday.

That boosted stocks, particularly tech stocks that have recently hit a small rough patch after huge gains earlier in the year.

Stock indices mostly rose. The S&P 500 and Nasdaq Composite have bounced back after early losses. The Dow was flat.

Technology stocks rebounded. Shares of chipmaker giant Nvidia rose 5%, while companies like Alphabet and Microsoft posted more modest gains. Tesla stock fell about 2% as investors worried about a price war in China.

AMC Entertainment declined. A judge late last week approved the movie theater chain’s plans to convert its preferred stock units, called APEs, into common shares. Those APES rose on Monday.

Short-term bond yields rose. After giving up some early gains, the yield on the two-year note was still up to 4.946% from Friday’s 4.893%.

Chinese indices fell. Hong Kong’s Hang Seng lost 1.6%, while the Shanghai Composite fell 0.3%. Japan’s Nikkei 225 fell 1.3% and South Korea’s Kospi lost 0.8%.

Looking ahead, Home Depot is scheduled to report earnings on Tuesday, the same day retail sales data for July will be released. Target and Walmart will report earnings later this week.