Wall Street climbs, claws back a chunk of last week’s losses

A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Monday, June 29, 2020. Shares fell Monday in Asia, tracking losses on Wall Street as rising virus cases cause some U.S. states to backtrack on pandemic reopenings. (AP Photo/Eugene Hoshiko)

NEW YORK (AP) — Stocks are climbing on Wall Street in midday Monday trading, clawing back more than a third of their losses from last week. The S&P 500 was up 1%, driving decisively higher after a much healthier-than-expected report on the housing market shook the market from its wobbly start. European stocks had similar fluctuations before pushing higher, while many Asian markets finished with losses. Treasury yields were holding relatively steady. Gains for Boeing and Apple in particular helped to lift Wall Street indexes. Stocks of smaller companies also jumped more than the rest of the market.