Stocks recovered as a result of a huge tech surge, which outweighed worries over rising Treasury yields just a few days before a speech by Federal Reserve Chair Jerome Powell.

After its longest stretch of weekly losses since February, the S&P 500 increased. The Nasdaq 100 gained almost 1.5% as Tesla ended a six-day losing streak. Nvidia increased by more than 8%, contributing to the artificial intelligence craze that has powered this year's stock market advance. According to information gathered by the newswires, the chipmaker's revenue is expected to increase 65% from a year ago as it prepares to release its results on Wednesday.

Bonds started to decline again as wagers on still-high rates gained support from positive economic indicators. For the first time since 2009, the yield on 10-year inflation-protected Treasuries momentarily surpassed 2%. The yield on 10-year notes without that protection quickly rose to a level last seen in late 2007.