Dow ends nearly 350 points higher as earnings season begins, bond yields pull back

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Stocks closed with strong gains and near session highs as earnings season began and Treasury yields pulled back. The Dow Jones Industrial Average DJIA, +1.01% finished with a gain of around 344 points, or 1%, according to preliminary figures, while the S&P 500 SPX, +1.12% rose 1.1% and the tech-heavy Nasdaq Composite COMP, +2.03% jumped 2%. Analysts said largely positive corporate results helped buoy equities, with the S&P 500 and Nasdaq breaking a three-day losing streak. Upbeat results from Delta Air Lines DAL, +6.21% boosted airline stocks. Dow component JPMorgan Chase & Co. JPM, -3.22% shares lost more than 3%, however, after the banking giant missed Wall Street estimates. The 10-year Treasury yield fell 4 basis points to 2.688%, providing support for tech and other growth stocks that are more sensitive to interest rates.

This article was originally published by Marketwatch.com. Read the original article here.

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