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Calm returns to Wall Street, and stocks bounce back after their worst drop in nearly 2 years
Business

Calm returns to Wall Street, and stocks bounce back after their worst drop in nearly 2 years

  • By STAN CHOE AP Business Writer
  • Updated

Stocks rose on Wall Street as calm returned to the market a day after its worst drop in nearly two years. The S&P 500 rose 1% Tuesday to break a brutal three-day losing streak. The Dow Jones Industrial Average climbed 0.8%, and the Nasdaq composite added 1%. Strong profit reports from Uber and other companies helped support the market. Stocks of all kinds climbed in a mirror opposite of the day before, when the unraveling of some popular trades and worries about the U.S. economy wracked markets. Treasury yields climbed to claw back some of their sharp drops since April.

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