US Stocks Rebound on Tuesday
2026-03-31 13:42
By
Andre Joaquim
1 min. read
US stock indices were sharply higher on Tuesday after dropping to seven-month lows in the previous session with support from lower bond yields.
The S&P 500 and the Nasdaq 100 gained 1.4%, while the Dow added 400 points.
Treasuries extended their respite across the curve to reflect higher caution over growth concerns stemming from the surge in energy prices.
The resulting pullback in yields aided equities from all sectors despite the continued increase in oil and product prices.
President Trump noted that the US is closer to striking a deal with Iran, but markets held their skepticism over restored tanker flows through the Persian Gulf.
Risk sensitive tech companies were sharply higher after underperforming last session, with Meta jumping 3% while Microsoft, Nvidia, and Amazon gained over 2%.
Also, Eli Lilly rose 2.5% after acquiring Centessa for $7.8 billion.
Lastly, McCormick sank 7% as it will combine with Unilever's food business in a $44.8 deal.