The Dow Jones Industrial Average rose 16.08 points, or 0.05 percent, to 32,915.78, after climbing more than 300 points earlier in the session. The S&P 500 added 12.89 points, or 0.31 percent, to finish at 4,121.43. The Nasdaq Composite Index increased 48.64 points, or 0.40 percent, to 12,061.37.
Nine of the 11 primary S&P 500 sectors ended in green, with consumer discretionary and communication services up 1.03 percent and 0.98 percent, respectively, outpacing the rest. Real estate slipped 0.29 percent, the worst-performing group.
Wall Street's three major averages gave up most of their gains in late trading as a jump in U.S. Treasury yields presented a headwind to risk sentiment.
The yield on the benchmark U.S. 10-year Treasury surged to 3.04 percent on Monday afternoon, and the yield on the 30-year Treasury note also advanced.
Investors are awaiting the May U.S. consumer price inflation data slated for release on Friday.
Last week, the S&P 500 declined 1.2 percent, while the Dow and the Nasdaq each lost nearly 1 percent.
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