Rebound action in the bank and energy stocks. The Russell 2000 rose 1.1% and the S&P Mid Cap 400 rose 1.7%.
All 11 S&P 500 sectors closed with gains ranging from 0.2% (information technology) to 2.1% (energy).
2-yr note yield rose 10 basis points today to 3.92%
10-yr note yield rose nine basis points to 3.48%, market participants anxiously await the FOMC decision on March 22.