Traders Gregory Rowe, left, and Peter Tuchman work on the floor of the New York Stock Exchange, Monday, Oct. 15, 2018. (AP Photo/Richard Drew)
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Stocks bounced back across the world Tuesday, supported by strong earnings expectations, while oil prices were wobbly as evidence of higher U.S. production was overshadowed by a tighter global supply outlook as Iran prepares for U.S. sanctions. Despite the rally in stocks, U.S. Treasury yields were steady.The Dow Jones Industrial Average rose 412.38 points, or 1.63 percent, to 25,662.93; the S&P 500 gained 42.59 points, or 1.55 percent, to 2,793.38; and the Nasdaq Composite added 155.66 points, or 2.09 percent, to 7,586.40 .Benchmark 10-year Treasury notes last rose 1/32 in price to yield 3.1614 percent, versus 3.163 percent late Monday. The 30-year bond last rose 3/32 in price to yield 3.3364 percent, from 3.341 percent late Monday.
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