Stocks saw broad gains Monday after a better than expected employment report, mixed earnings and hopes for progress on US-China trade talks. The Dow Jones industrial average rose 1.4 percent while the S&P 500 and the Nasdaq both advanced 1.5 percent. US bond yields rose but the dollar and oil prices declined.

Market Reflections track market reaction to the trading day's major events. Economic data, policymaker speeches, and company news are featured in this report as well as key indexes and financial instruments.

Understanding why markets respond as they do is fundamental for an investor. Market Reflections help explain how the day's events, news, and data impact the outlook for the economy and for market prices.