US stocks jump as bond yields tumble after Fed officials hint rate hikes may be over

• US stocks climbed on Tuesday, with the Dow jumping more than 130 points.
• Bond yields tumbled after Fed officials hinted that the end of rate hikes may be near.
• The US 10-year Treasury dropped 13 basis points to hover at 4.651%. 

US stocks climbed Tuesday, while bond yields dropped following comments from key Fed officials that hinted at the end of rate hikes. Investors also continue to monitor developments in the Israel-Hamas conflict. 

Turmoil in the bond market, which is coming off one of its worst sell-offs in history, showed signs of easing on Tuesday, with both Atlanta Fed President Raphael Bostic and Dallas Fed President Lorie Logan pointing to a potential pause in rate hikes on the horizon