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The S&P 500 rose 0.3% to 4,779.23 in midday trading.
The Dow Jones Industrial Average climbed 0.3% to 36,426.83 while the Nasdaq jumped 0.8% to 15,770.48.
The yield on a 10-year Treasury bond soared 7.8% higher to 1.63%.
Oil was up 1.1% to $76.02.
The price of gold dipped 1.6% to $1,799 an ounce.

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Axonics Inc. (Nasdaq: AXNX) climbed 4.3% to $58.38 and a $2.7 billion market cap. Shares of the Irvine-based provider of medical devices to treat bladder and bowel dysfunctions have climbed 17% since Dec. 20.

San Clemente’s Glaukos Corp. (NYSE: GKOS) was up 3.4% to $45.94 and a $2.2 billion market cap. Zacks Equity Research on Dec. 29 recommended shareholders hold onto the stock because it’s “well poised for growth” with a robust product portfolio.