U.S. stocks jumped on Tuesday after bond yields declined, causing investors to buy the dip in beaten-up technology shares.
The Dow Jones Industrials built on Monday's gains, picking up 297.84 points as morning turned into afternoon at 32,100.28
The S&P recovered 72.06 points, or 1.9%, to 3,893.41.
The NASDAQ Composite screamed back from a disastrous Monday, popping 438.29points, or 3.1%, to 13,047.45.
Tesla shares popped 14% after a five-day losing streak, while Apple, Amazon, Microsoft and Netflix all gained at least 3%.
Technology shares rebounded from sharp losses as bond yields stabilized.
Many popular technology stocks have fallen double digits over the past month. Apple has dropped 12% in the past month, while Tesla has tumbled nearly 30%. Pandemic bets Zoom Video and Peloton have both fallen more than 20% during the same period.
Prices for 10-Year Treasurys recovered, weighing yields to 1.56% from Monday's 1.61%. Treasury prices and yields move in opposite directions.
Oil prices shed 83 cents to $64.22 U.S. a barrel.
Gold prices brightened $36.10 to $1,714.10.