#MarketRebound

The Dow Jones Industrial Average surged more than 1,000 points Tuesday, erasing losses incurred the day before as word spread from  President Donald Trump's administration that the trade war with China is expected to ease. Tesla (TSLA) bolted higher on the stock market today with its earnings report coming after the close.

The Dow Jones index surged 2.7%, or 1,016 points, in the wake of Monday's 971-point drop. The S&P 500 climbed 2.5% Tuesday afternoon as the benchmark index neared the 5,300 level.

Volume was higher on both the Nasdaq and New York Stock Exchange compared with the same time Monday. On the Nasdaq exchange, rising stocks topped falling issues by nearly 5-to-1. On the NYSE, gainers trounced losers 10-to-1.

The benchmark 10-year Treasury bond yield dipped to 4.4%. Oil prices jumped to $64.20 a barrel. Bitcoin surged to more than $91,200.