The S&P 500 rose 0.4% to 4,715.64 in midday trading Monday.


The Dow Jones Industrial Average was up 0.6% to 35,800.57, while the Nasdaq was down 0.5% to 15,981.54.


Crude oil increased 0.8% to $76.54.


Gold fell 2.3% to $1,809.40.

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The yield on a 10-year Treasury climbed 4.4% to 1.6%.


ELECTRIC VEHICLES

Shares of Irvine electric vehicle maker Rivian Automotive Inc. (Nasdaq: RIVN) fell 13.8% to $110.95 for a market cap of $98.3 billion. The automaker and Ford Motor Co. (NYSE: F) shelved plans from 2019 to jointly develop an electric vehicle, according to reports Friday.


Romeo Power Inc. (NYSE: RMO) was trading down 6.1% to $4.23 on volume lower than its daily average. The maker of batteries for commercial electric vehicles, with a recent market cap of $568.1 million, is set to soon relocate headquarters from Vernon to Cypress.