U.S. stocks post 3-session climb as bond yields, oil retreat

U.S. stocks booked a 3-session win streak Tuesday as oil prices and bond yields retreated. The Dow Jones Industrial Average
DJIA,
+0.40%
climbed about 134 points, or 0.4%, ending near 33,739, according to preliminary FactSet data. That was the longest streak of straight wins for the blue-chip index in a month, and the best three days of gains since late August, according to Dow Jones Market Data. The S&P 500 index
SPX,
+0.52%
advanced 0.5% and the Nasdaq Composite Index
COMP,
+0.58%
gained 0.6%. It was the third session in a row of gains for all three indexes. The brighter backdrop for stock market came as oil prices
CL00,
-0.69%
and bond yields
TMUBMUSD10Y,
4.663%
retreated and after Raphael Bostic, head of the Atlanta Fed, said he didn’t think additional rate hikes were needed to bring inflation down to the central bank’s 2% annual target, but also that he still sees rates staying high for a “long time.”