Stock Market Today: Dow Up 550 Points; Travel Stocks Rally

Treasury yields are dropping Tuesday after the U.S. bond market reopened following yesterday's closure for the Columbus Day holiday. The 10-year Treasury yield is down to 4.632% after closing Friday at 4.783%, on track for its biggest daily slide since March's regional banking panic. The 2-year yield is trading below 5% after ending last week at 5.077%.

Several Federal Reserve officials said Monday that the recent rise in long-term bond yields was helping tighten financial conditions, easing the burden from the central bank to raise short-term rates even higher. In Europe, bond yields fell Monday as investors sought the safety of bonds amid the geopolitical shakeup after Hamas attacked Israel. The iShares 20+ Year Treasury Bond ETF rose 2.4% in Monday, reflecting demand for long-term bonds amid the conflict.

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