Stocks move broadly higher, led by banks and tech companies

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Stocks move broadly higher, led by banks and tech companies
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MARKETS: U.S. stocks moved broadly higher on Wall Street in early trading Monday, continuing the market's upward momentum as it comes off its best quarter in nearly a decade.

FILE- In this March 18, 2019, file photo specialist Meric Greenbaum, left, and trader Fred DeMarco work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, April 1. U.S. stocks moved broadly higher on Wall Street in early trading Monday, continuing the market's upward momentum as it comes off its best quarter in nearly a decade.

Bond yields continued rising in another sign that investors are confident in the economy's growth. That came as a welcome relief following a sharp drop in bond yields to their lowest levels in more than a year.Intel was a standout among technology companies with a 1.2 percent gain. JPMorgan Chase climbed 2.5 percent and Bank of America jumped 2.7 percent. Media analytics firm ComScore plunged 21 percent after it lost two top executives.

LYFT LOSES LUSTER: Lyft plunged 8 percent on its second full day of trading, falling below its initial public offering price of $72 a share. The ride-hailing company has consistently lost money but has posted supercharged growth.

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