Stocks log sharp gains to end near session highs as yields pull back

Stocks rallied sharply on Tuesday, finding support as investors weighed a stream of earnings and a retreat in Treasury yields. The Dow Jones Industrial Average DJIA, +1.07% rose nearly 340 points, or 1.1%, to close near 31,837, according to preliminary figures, while the S&P 500 SPX, +1.63% advanced around 62 points, or 1.6%, to finish near 3,859. The Nasdaq Composite COMP, +2.25% ended near 11,199, up around 247 points, or 2.3%.