Stock market today: Wall Street drifts in early trading as recent sharp moves calm a bit

News Snapshot:

NEW YORK (AP) — Stocks are drifting in early trading as Wall Street’s wild recent moves calm a bit. The S&P 500 was up 0.3% in its first trading after careening from months of sharp losses to its best week of the year. The Dow rose 70 points, and the Nasdaq composite was up 0.3%. The flashpoint for the stock market’s movements in both directions has been what the bond market is doing, and it was regressing a bit Monday following its own extreme moves. The yield on the 10-year Treasury rose to 4.61%. The yield briefly topped 5% last...