Wall Street drifts, yields jump and Paris stocks soar as elections drive markets

NEW YORK — U.S. stocks drifted to a mixed close, and yields jumped as elections drive swings in financial markets worldwide. The S&P 500 rose 0.3 percent Monday, even as most of the stocks in the index fell. The Dow Jones Industrial Average added 0.1 percent, and the Nasdaq composite rose 0.8 percent. Some of the world’s strongest action was in Paris, where stocks jumped after election results bolstered financial markets’ hopes for a gridlocked government that won't drive up its debt. U.S. Treasury yields jumped a second day after a presidential debate last week pushed traders toward moves in anticipation of a possible Republican sweep in November.