Wall Street Climbs as Some Beaten-Down Bank Stocks Recover

Wall Street Climbs as Some Beaten-Down Bank Stocks Recover
Flags adorn the facade of the New York Stock Exchange on June 16, 2021. Richard Drew/AP Photo
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Stocks ended broadly higher on Wall Street Tuesday, as some of the most breathtaking moves from a manic Monday reversed course.

The S&P 500 rose 1.7 percent after a report showed inflation is still high but heading lower. Stocks of smaller and mid-sized banks recovered some of their prior plunges caused by worries that customers could yank out all their cash. Treasury yields soared to trim their historic drops.