Stocks closed with strong gains and near session highs as earnings season began and Treasury yields pulled back. The Dow Jones Industrial Average finished with a gain of around 344 points, or 1%, according to preliminary figures, while the S&P 500 rose 1.1% and the tech-heavy Nasdaq Composite 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 boosted airline stocks. Dow component JPMorgan Chase & Co. 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.
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