Stocks Close Higher, Bond Yields Reach Pre-Pandemic High

Stocks Close Higher, Bond Yields Reach Pre-Pandemic High
A sign for Wall Street hangs in front of the New York Stock Exchange on July 8, 2021. Mark Lennihan/AP Photo
The Associated Press
Updated:

Technology companies and banks helped drive stocks higher on Wall Street Tuesday, as the market bounced back from an early slide to more than make up its losses from the day before.

The S&P 500 rose 0.8 percent after having been down 0.4 percent. More than three fourths of the stocks in the benchmark index notched gains. The Dow Jones Industrial Average rose 1.1 percent and the Nasdaq composite gained 1.3 percent.