The Dow Jones Industrial Average rose 731 points, or 2.5%. The S&P 500 rose 2.7%, putting the index on track for its best two-day rally since March 2020. The Nasdaq Composite rose 3.1%. Markets got off to a strong start to the month, bringing a respite from the rapid decline seen in September and the previous quarter. On Monday, the Dow jumped about 765 points for its best day since June 24. The S&P 500 rose about 2.6 percent to its biggest one-day gain since July 27, and the Nasdaq rose 2.3 percent. “After falling more than 9% in September and extending its year-to-date decline to nearly 25% as of Friday’s close, we think the S&P 500 looked oversold,” said Mark Haefele, chief investment officer at UBS Global Wealth Management. “Furthermore, some of last week’s selling pressure may have been due to a quarter-end rebalancing that has now ended.” “With sentiment towards equities already very weak, periodic recoveries are expected,” he added. “But markets are likely to remain volatile in the short term, given expectations around inflation and policy rates.” Sentiment has improved over the past two sessions as bond yields have crossed more than 10-year highs. The yield on the 10-year note traded around 3.615% on Tuesday, down from over 4% at one point last week. Earlier in the day it briefly broke below 3.6%. Sentiment on Tuesday also strengthened as Credit Suisse shares traded 4% higher. Earlier in the week there were concerns about the bank’s financial health. The bank told CNBC it would provide updates on its strategy alongside its third-quarter numbers. Investors will watch for new data on Tuesday from the Bureau of Labor Statistics’ Survey of Jobs and Turnover.