Stocks rally on Wall Street, S&P 500 has best day since June

In this photo provided by the New York Stock Exchange, traders work on the floor, Monday, March 1, 2021. Stocks are rising across the board on Wall Street as traders welcomed a move lower in long-term interest rates in the bond market. Investors were also watching Washington as a big economic stimulus bill moved to the Senate.

The wave of buying came as investors welcomed a move lower in long-term interest rates as U.S. bond yields declined after surging in recent weeks. The yield on the 10-year Treasury fell to 1.43% after reaching its highest level in more than a year last week.

After a strong start to the month, stocks turned lower in the last couple of weeks of February after a sudden, rapid rise in bond yields fueled concerns about higher inflation. The yield on the 10-year Treasury note climbed as high as 1.5% last week, the highest level in more than a year, before easing Friday.

Investors also had their eye on Washington Monday as a big economic stimulus bill advanced to the Senate. The House of Representatives approved President Joe Biden’s $1.9 trillion pandemic relief bill on Friday. The bill infuses cash across the struggling economy to individuals, businesses, schools, states and cities battered by COVID-19.

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I don't have a good understanding of the economy, but always wondered where does such huge stimulus money come from? If the government gets money mostly from tax, then?

Of course Minimum wage is not going up Cheap labour 💔

trillions of newly created dollars will drive up prices on EVERYTHING, not just stocks

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