Markets Rebound as Fed Hints Rate Hikes May Slow on Rising Yields

Major equity markets advanced Tuesday after Fed officials suggested Treasury yield spike may prevent more rate hikes.

Oil prices dropped after surging Monday on Israel-Gaza conflict.

Markets bounced back Tuesday after risk-averse start to week, buoyed by promising Fed views on yields.

Despite Middle East tensions, US jobs report showed wage gains slowing in "Goldilocks" scenario.

Fed Vice Chair said yield spike could provide needed restraint on credit like higher rates.