12:16 PM EDT, 04/29/2024 (MT Newswires) -- US benchmark equity indexes rose while government bond yields fell with crude oil after midday on Monday.

The S&P 500 climbed 0.3% to 5,114.1 after posting the biggest gain since November last week. The Dow Jones Industrial Average advanced 0.2% to 38,322.2, and the Nasdaq Composite was up 0.3% to 15,979.7. The Dow and the Nasdaq also rose last week.

While communication services and consumer staples were the only decliners, the consumer discretionary, utilities, and real estate sectors led the gainers intraday.

Tesla (TSLA) Chief Executive Elon Musk's latest visit to China and getting approval for its automated driving system is set to be a "watershed moment" for the electric vehicle giant's long-term growth, Wedbush Securities said in a note. Shares of the electric vehicle manufacturer surged 16.2% intraday, the top performer on the S&P 500 and the Nasdaq.

Apple's ( AAPL ) operating system for iPads was designated a gatekeeper under the EU's Digital Markets Act, the European Commission said. The Commission found Apple's ( AAPL ) iPadOS "constitutes an important gateway for business users to reach end users, and that Apple ( AAPL ) enjoys an entrenched and durable position with respect to iPadOS." Shares of the iPhone manufacturer jumped 3.1% intraday, the highest return on the Dow.

The US 10-year Treasury yield dropped 4.3 basis points to 4.63%, and the two-year rate slid 2.5 basis points to 4.98%.

Meanwhile, in economic news, the Dallas Fed's monthly manufacturing index declined to minus 14.5 in April from minus 14.4 in March, compared with expectations for an increase to minus 11.3 in a survey compiled by Bloomberg. The reading indicates contraction, in line with the Empire, Richmond, Kansas City, and the S&P Global Flash Indexes. But, it contrasts with the print from the Philadelphia Fed indicating expansion.

West Texas Intermediate crude oil dropped 1.1% to $82.94 a barrel.