Stocks rose after their sweep with a bear market

Shares mostly rose Monday, making a positive start to the week after the S&P 500 entered briefly bear market territory Friday, a symbolic indicator of investor pessimism about the health of the economy. Although a late rally took the index higher, it ended the week with its seventh consecutive decline, the longest losing streak since the dot-com crash.

  • The S&P 500 was up about 0.4% in early trading. The Nasdaq composite was flat.

  • Shares in the software company Vmware it was up more than 18 percent according to reports that Broadcom, the semiconductor giant, was in talks to acquire the company.

  • European equity indices were higher, with the Stoxx Europe 600 up 0.7% on Monday. The euro gained nearly 1% against the dollar after Christine Lagarde, president of the European Central Bank, wrote in a blog post that high inflation could prompt the central bank to raise interest rates at its July meeting.

  • Asian markets were mixed, with Hong Kong’s Hang Seng down 1.2%, China’s CSI 300 down 0.6% and Japan’s Nikkei 225 up 1%.