US stocks soared as traders cheered encouraging inflation data, while the 10-year Treasury plunged 13 basis points.

US stocks jumped at the open after consumer price data showed inflation continues to slow. Strong bank earnings also helped lift sentiment.

Follow here to see if Wall Street stocks can rebound after a tough start to the year amid surging Treasury yields

Shares of Hubbell Inc. HUBB inched 0.06% higher to $420.51 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.16% to 5,836.22 and the Dow Jones Industrial Average DJIA rising 0.86% to 42,297.12.

Tesla stock experienced a 2.68% rise on Tuesday during pre-market hours, according to Benzinga Pro. This uptick was driven by a combination of factors, including a revised price target from Morgan Stanley and advancements in Tesla’s Full Self-Driving (FSD) technology,