Stocks Rebound as Bargain Hunters Boost Major Indices

Markets closed higher across the board as bargain hunting took place. Consumer discretionary and communications stocks led the gains.

Major indices like the Dow, Nasdaq, and S&P 500 snapped recent losing streaks and posted gains near 1% or more.

Small-cap Russell 2000 index led the rally, up 1.59%. Etsy and Warner Bros Discovery saw notable gains over 4-5%.

Bond yields remain elevated though not breaching new highs. 10-year yield still around 4.7% and 2-year around 5.1%.

Big earnings from Johnson & Johnson, Bank of America, Goldman Sachs, United Airlines and others due Tuesday along with September retail sales data.