Read More)U.S. stocks rose Tuesday after pressure relaxed on Wall Street from the bond market.The S&P 500 gained 22.58, or 0.5%, to 4,358.24.
The Dow Jones Industrial Average rose 134.65, or 0.4%, to 33,739.30, and the Nasdaq composite climbed 78.60, or 0.6%, to 13,562.84.Some of the strongest action was in the bond market, where Treasury yields eased after trading resumed following a holiday on Monday. It was the first opportunity for yields to move since the weekend’s surprise attack by Hamas on Israel injected caution into global markets.Perhaps more impactfully, it was also the first trading for Treasurys since speeches by Federal Reserve officials that traders took as a suggestion the Fed may not raise its main interest rate again.
The comments helped U.S. stocks swing from early losses to gains on Monday.
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