Markets stateside recorded their second straight day of gains following last week’s massive losses and the dollar slipped ahead of Asia’s Tuesday trading day.
U.S. markets on Monday continued their rebound from what was their worst week in two years, with major stock indexes recording gains of more than 1 percent.
The Dow Jones industrial average bounced 410.37 points, or 1.7 percent, to close at 24,601.27, the S&P 500 gained 1.39 percent to end at 2,656 and the Nasdaq composite advanced 1.56 percent to close at 6,981.96.
Last week’s sell-off, initially triggered by concerns over rising interest rates, saw the Dow and S&P 500 lose 5.2 percent on the week.
The yield on the benchmark 10-year U.S. Treasury note touched a fresh four-year high in the last session. The 10-year Treasury yield stood at 2.8585 percent at the end of Monday after rising as high as 2.9 percent earlier in the session.
Investors also digested the release of the Trump administration’s $200 billion infrastructure plan.
