The latest bout of turmoil for Wall Street saw U.S. equities storm back from significant losses in the morning to post gains on Monday.

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After reversing an early 1.7% drop, the S&P 500 rose 24.34 points, or 0.6%, to 4,296.12. Stocks of internet-related firms led the way, including Twitter, which soared 5.7% after agreeing to sell itself to Elon Musk.

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After falling 488 points earlier, the Dow Jones industrial average climbed 238.06 points, or 0.7%, to 34,049.46, while the Nasdaq composite rose 165.56 points, or 1.3%, to 13,004.85 to lead the market.

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Earlier in the morning, U.S. stocks had been on track to follow global markets lower, particularly in China, over worries that strict lockdown measures there might crimp the world’s second-largest economy and potentially hurt global economic growth. Stocks in Shanghai slumped 5.1%, while Hong Kong’s Hang Seng fell 3.7%.

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Worries are also high for the U.S. economy, which some investors believe is set to slow sharply or even fall into a recession because of the big interest-rate increases the Fed is likely to push through.

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Yields for U.S. government bonds fell Monday, a turnaround from this year’s sharp jump in yields. The yield on the 10-year Treasury, which affects rates on mortgages and other consumer loans, dropped to 2.82% from 2.90% late Friday. It has recently been close to its highest level since 2018.

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Lower yields tend to benefit high-growth stocks the most because investors become more willing to pay high prices when they’re not losing much in interest if they’d bought bonds instead. Gains for several big tech-related stocks were the strongest forces lifting the S&P 500 Monday, including a 2.4% gain for Microsoft and a 2.9% rise for the Class A shares of Google’s parent, Alphabet. Both are set to report their latest quarterly results on Tuesday.

Inflation remains a key concern for investors. Investors are worried about whether the Fed will be able to hike rates enough to quell inflation but not so much as to cause a recession.