03:53 PM EDT, 08/06/2024 (MT Newswires) -- US benchmark equity indexes were on course to close higher Tuesday after having posted steep losses in the previous two sessions, while Treasury yields saw sizable gains.

The S&P 500 and the Nasdaq Composite were up 1.5% each at 5,265.2 and 16,441.1, respectively, while the Dow Jones Industrial Average rose 1.1% to 39,126.9. All sectors were in the green, led by real estate and financials.

Stock markets saw sharp declines on Friday and Monday, triggered mainly by a weaker-than-expected US jobs report for July released Friday. The report stoked recession fears. However, several analysts believe the recession concerns are overblown.

The US 10-year yield jumped 11 basis points to 3.89%, while the two-year rate surged 10.4 basis points to 3.99%.

Amgen ( AMGN ) , Airbnb ( ABNB ) and Devon Energy ( DVN ) are among the companies scheduled to post their latest quarterly financial results after the closing bell.

West Texas Intermediate crude oil rose 0.3% to $73.13 a barrel.