Stocks are leaping on Wall Street Tuesday, as some of the most breathtaking moves from a manic Monday reverse course.
The S&P 500 was 1.8% higher in midday trading after a report showed inflation is still high but heading lower. Stocks of smaller and mid-sized banks recovered some of their prior plunges caused by worries that customers could yank out all their cash. Treasury yields soared to trim their historic drops.
The Dow Jones Industrial Average was up 435 points, or 1.4%, at 32,248, as of 11:55 a.m. Eastern time, while the Nasdaq composite was 2.3% higher.
