US stocks rose alongside crude oil futures while government bond yields slumped Tuesday after job openings dropped to their lowest since April 2020.
The Dow Jones Industrial Average jumped 2.7% to 30,279.15, the S&P 500 surged 3% to 3,785.02 and the Nasdaq Composite was over 3% higher at 11,152.93. Energy and financials were the biggest gainers, with all sectors in the green.
The 10-year yield dropped 3.4 basis points to 3.62% and the two-year rate slipped by less than one basis point to 4.1%.
West Texas Intermediate futures surged 3.1% to $86.19 a barrel.
Gold was up 2% to $1,734.20 per troy ounce, and silver was up 2.6% to $21.12 per ounce.