Stocks Halt 2-Day Drop; Oil Rises From Record Lows: Markets Wrap
- Treasury 10-year note yields rise as refuge demand eases
- WTI crude oil reverses earlier slump as Trump warns Iran
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U.S. stocks halted a two-day slide as investors digested the latest round of corporate earnings and optimism about the eventual reopening of the economy increased. Oil rose from historic lows.
The S&P 500 Index rebounded from the worst sell-off in three weeks amid quarterly results that sparked speculation a recovery will be sooner than expected. Chipotle Mexican Grill rose on sales that topped estimates, while Texas Instruments advanced on solid results. Treasury Secretary Steven Mnuchin said he anticipates most of the economy will restart by the end of August. House lawmakers on Thursday are set to pass another round of aid.