Automotive Industry

Stocks rise for fourth day in a row, erasing most of last week's decline

Stocks rise for fourth day in a row, erasing most of last week's decline

U.S. stocks rose Tuesday for the fourth day in a row as they continued to recover the ground they lost last week. Major indexes approached record highs again.

Most of the gains went to banks, which surged as bond yields jumped. Higher bond yields enable banks to charge higher rates on loans. Banks took steep losses last Wednesday, when stocks had their worst day since September. Scientific instrument companies and drugmakers also rose. However, auto parts companies were hammered after poor third-quarter results from AutoZone. Home builders fell after new home sales sank.

The four-day rally has restored most of the market's losses, and the Standard & Poor's 500 index is...

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