Wall Street notched more gains Tuesday, as major stock indexes rallied for the third day and Treasury yields fell again.
The S&P 500 rose 1.6 percent, with roughly 90 percent of stocks in the index notching gains. The benchmark index hadn’t been able to string together more than two gains in a row since mid-September.
The Dow Jones Industrial Average rose 1.1 percent and the Nasdaq closed 2.3 percent higher. Smaller company stocks outpaced the broader market, lifting the Russell 2000 index 2.7 percent higher.
The latest gains came as bond yields fell significantly, reflecting speculation among investors that the Federal Reserve may begin easing up on its aggressive pace of interest rate increases as soon as this year….