"Stocks Rebound as Wall Street Recovers from Recent Sell-Off"

U.S. stocks rebounded, with the S&P 500 climbing 1% to recover much of its previous day's losses, as worries about prolonged high interest rates impacted investor forecasts for Federal Reserve rate cuts. The Dow Jones rose 0.4% and the Nasdaq jumped 1.3%, while the Russell 2000 index surged 2.4%. Treasury yields eased, calming the bond market, and most S&P 500 companies have exceeded analysts' Q4 2023 forecasts. Lyft shares soared 35.1% after a typo in its earnings report, while Uber authorized a $7 billion stock buyback program, and Robinhood reported a profit. In overseas markets, London's FTSE 100 rose 0.7% and Hong Kong's Hang Seng index gained 0.8%.