Stocks ended higher Monday, kicking off the week on a positive note, as investors bought tech-related shares and shook off fears of a recession. The Dow Jones Industrial Average rose around 104 points, or 0.3%, to close near 34,922, according to preliminary figures, while the S&P 500 gained around 37 points, or 0.8%, ending near 4,583. The tech-heavy Nasdaq Composite advanced around 271 points, or 1.9%, finishing near 14,533. Investors were looking ahead to Wednesday’s release of minutes of the Federal Reserve’s March meeting for clues to the pace of further monetary tightening. Expectations for aggressive rate hikes by the Fed has led to an inversion of a key measure of the yield curve as the rate on 2-year notes tops that for its 10-year counterpart, a phenomenon that has tended to precede recessions, albeit with a lag.
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