Business · Markets · 4 hrs ago

Lower oil prices and Treasury yields lift stocks across sectors

Lower oil prices and Treasury yields lift stocks across sectors

A steep fall in oil prices helped lift stocks on Monday, alongside a drop in Treasury yields.

Brent crude fell 7.63% to $104.77 a barrel, and the 10-year Treasury yield reached its lowest level since September 10.

Shares rose in health care, financial, retail and travel businesses as investors looked beyond technology for growth.

The lower-cost backdrop also led investors to reconsider earnings from companies including Amazon and Waste Management.

Cramer warned that the rapid gains may not last, even as money moves out of technology and into other industries.

Lower borrowing costs and gasoline prices also eased concerns about consumer spending, helping financial and retail stocks.

The story gives no specific next step, but it says companies outside technology could increasingly lead the market if investors keep shifting their money.

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Jim CramerMad Money host
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