Updated Mar 02, 2021 | 17:55 IST
On March 1, the benchmark S&P 500 saw a 2.4 per cent gain while the Dow Jones Industrial Average also rose by nearly 2 per cent. Representational image. | Photo Credit: iStock Images
Key Highlights
There is an array of factors that may have contributed to the buoying of stock indices but the US granting approval to the much-awaited single-dose Johnson&Johnson vaccine may have had some part to play
It s likely that one of the chief reasons for the rebound in US stocks was the tapering of government-bond yield rates
Typically, there exists an inverse relationship between bond yields and equities. This is to say that when bond yields rise, equity markets suffer, and vice-versa