How major US stock indexes fared Tuesday 3/14/2023

Stocks closed higher on Wall Street as some of the most breathtaking moves from a manic Monday reversed course. The S&P 500 rose 1.7% Tuesday after a report showed inflation is still high, though no more than expected. The Nasdaq composite rose 2.1% and the Dow Jones Industrial Average added 1.1%. Several bank stocks bounced back, recovering some of their plunges from a day earlier caused by worries that customers could yank out their cash in the wake of two bank failures. Treasury yields rose sharply, trimming some of their historic drops from the previous day.