Dow jumps over 500 points as stocks soar, bond yields slide

  • Dow jumps over 500 points as stocks soar, bond yields slide

    U.S. stocks staged an impressive rally with the Dow Jones Industrial Average, Nasdaq Composite and S&P 500 gaining around 2% as all 11 of the major S&P groups rose led by energy and communication companies. The yield on the 10-year Treasury saw the biggest one day drop since March 2009 to 3.707%. In commodities, oil jumped 4.6% to $82.15 as Hurricane Ian made landfall in Florida.

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