Stocks jumped on Wall Street Tuesday, making up much of the ground they lost a day earlier when worries flared about spreading cases of the more contagious variant of COVID-19.

It was the latest rebound following a pullback as investors continue to try and assess how badly rising infections will hurt the economic recovery.

The S&P 500 rose 1.5%, a day after its biggest drop since May.

Airlines and other stocks that sank a day earlier were back in the winning column.

The yield on the 10-year Treasury rose to 1.21% but remains well below where it was last week, a sign investors remain cautious.