Wall Street’s momentum swings back as stocks, yields tick up

Stocks are ticking higher on Wall Street Tuesday, recovering some of last week’s losses to pull closer to their record highs. The S&P 500 was up 0.9% in afternoon trading and back within 1% of its record set earlier this month. The Dow Jones Industrial Average was up 154 points, or 0.5%, at 30,968, as of 2:11 p.m. Eastern time, and the Nasdaq composite was 1.5% higher. Wall Street’s rally is getting back on track after stocks ran out of steam last week. Markets have been rising on enthusiasm about a coming economic recovery as COVID-19 vaccines roll out and Washington gets set to try for another massive round of stimulus for the economy. Janet Yellen, President-elect Joe Biden’s nominee...