The Dow closed up 0.9% or 312 points, while the S&P 500 finished 1.1% higher. The Nasdaq Composite closed up 1.3%.In fact, everything went up Tuesday: While stocks were rebounding, the 10-year US Treasury bond yield also rose, and was up at 1.53% around the time of the stock market close. Bond yields and prices move inversely to each other.Elsewhere, Bitcoin crossed the $50,000 threshold for the first time in four weeks.
That said, Tuesday's rally was broad-based with many sectors logging gains."Besides the fact that it's Tuesday and we had a big sell-off yesterday, there's really not much driving the action this morning," said market analysts at Bespoke Investment Group in a note.This isn't the first time the market has swung wildly within days of a sell-off. That's just the state that Wall Street is in right now.
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Santoli’s Tuesday market notes: Stocks recover from the swoon, but the set-up remains fragileNew for subscribers: Santoli’s Tuesday market notes: Stocks recover from the swoon, but the set-up remains fragile. Check out CNBCPro today. Pro A simple easing of tariffs would make some Chinese stocks 🚀 instantly. 💯
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Dow sheds 400 points as investors ditch technology stocks, Nasdaq drops 2.5%Tesla bucked the trend after the company said this weekend that it delivered 241,300 electric vehicles during the third quarter, well above analysts estimates. AMC CitadelScandal KenGriffinToJail VladTenevLied VladTenevToJail HoldTheMarketAccountable KenGriffinLied BanPFOF GaryGenslerWhatchaGonnaDo ChokeOnThat Joe now owns what happens to the stock market. 10/1 Facebook not that big of a deal
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