Stocks rise in extended rally, clawing back more ground

Stocks rose sharply again on Wall Street Tuesday and clawed back more of the ground they lost in a miserable several weeks. The S&P 500 rose 3.1% Tuesday, its biggest gain in more than two years. The index has been rallying since hitting its lowest point of the year on Friday. Other major U.S. indexes also closed higher. Treasury yields continued to pull back from their multiyear highs. Twitter surged after Elon Musk said he would go ahead with his $44 billion acquisition of the social media company, abandoning months of efforts to get out of the deal.