NEW YORK: U.S. stocks were higher in afternoon trading on Monday, adding to recent strong gains, with megacap growth shares rising as U.S. Treasury yields eased. Shares of Apple Inc, up 0.5%, and Microsoft Corp, also up 0.5%, were among the biggest boosts to the S&P 500 and Nasdaq. Treasury yields were slightly lower, while China's central bank cut key lending rates in a surprise move to revive demand after the economy unexpectedly slowed in July. Stocks extended gains from last week when signs that inflation may have peaked in July increased investor confidence that a bull market could be under way.

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