By Yun Li
U.S. stocks roared back from a sharp sell-off on Friday as a rally in bond yields eased, while a stronger-than-expected jobs report boosted optimism for a faster economic recovery.
The Dow Jones Industrial Average climbed 572.16 points, or 1.9%, to 31,496.30 after losing as much as 150 points. The S&P 500 ended the wild session 2% higher at 3,841.94 after shedding 1% earlier. The Nasdaq Composite advanced 1.6% to 12,920.15 as Apple climbed 1% and Microsoft gained 2%. At its low of the day, the tech-heavy benchmark dropped 2.6%.
The major averages bounced off their lows as bond yields retreated from their session highs. The 10-year Treasury yield eased back to 1.55% after popping above 1.6% to touch a 2021 high following data showing a surge in jobs growth.