Stocks Higher On Wall Street A Day After Broad Decline

FILE - In this Tuesday, Feb. 16, 2021, file photo, American flags hang outside of the New York Stock Exchange in New York. Optimism for an economic revival is surging following a year of coronavirus-induced misery. But expectations for stronger growth, plus the higher inflation that could accompany it, are pushing interest rates higher, which is forcing investors to re-examine how they value every other investment. (AP Photo/Frank Franklin II, File)

(AP) – Stocks jumped on Wall Street Tuesday as investors went back to buying following a rout the day before brought on by concerns about the spread of a more contagious variant of COVID-19. The S&P 500 index was up 1.6%. On Monday it fell 1.6%, its biggest drop since May. The spread of the more contagious delta variant has become a worry spot for investors and policymakers. While tens of millions of Americans have gotten vaccinated, there remains a significant percentage of Americans who are either reluctant or outright hostile to the idea of being vaccinated. The yield on the 10-year Treasury rose to 1.21%.

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