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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