Stock Market Today: Dow Gains Nearly 200 Points; Airline Stocks Rising - The Wall Street Journal

Traders are also monitoring the European Central Bank's meeting of global central bankers, where ECB President Christine Lagarde said her central bank would likely raise interest rates in July. Federal Reserve Chair Jerome Powell is expected to speak Wednesday.

Stocks gained. The Nasdaq Composite was rebounding a day after notching its largest two-day percentage decline since April. The S&P 500 and Dow industrials were also higher.

Bond yields edged up. The yield on the benchmark 10-year U.S. Treasury note crept up to 3.762%, from 3.719% Monday.

Airline stocks rallied. The gains came after Delta boosted its outlook for the year. Its share gained, along with United and American Airlines.

Walgreens was the S&P 500's worst performer. The drugstore chain cut its financial outlook for the year.

Lordstown Motors shares sank. The electric-truck startup filed for bankruptcy protection and sued its investment partner Foxconn Technology.

Commodity and currency markets were relatively quiet. Investors continued to brush off the weekend’s revolt in Russia. Brent crude, the oil benchmark, fell 0.5% to around $73.81 a barrel. The Russian ruble extended its declines against the dollar.

Bitcoin held above $30,000. The cryptocurrency rose 1.8% from its 5 p.m. ET price to about $30,716.

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