Stocks climb amid hopes Fed is done with hikes: Stock market news today

News Snapshot:

Stocks on Wall Street rose on Tuesday amid growing hopes the Federal Reserve is done with interest rate hikes for now but with investors still cautious as the Middle East conflict escalated. The Dow Jones Industrial Average (^DJI) was up around 0.7%, while the S&P 500 (^GSPC) gained almost 1.0%. The tech-heavy Nasdaq Composite (^IXIC) also added roughly 1.1%, after the stock indexes reversed losses to close higher on Monday. The gains came after dovish comments from two Fed officials, who signaled that the recent surge in bond yields could lead to the tightening in credit conditions the central bank...