U.S. stocks rebounded Tuesday after falling oil prices released some of the pressure that built up on the market. The S&P 500 rallied 1% to claw back all of its loss from the day before. The Dow Jones Industrial Average rose 126 points,

Wall Street is pointing higher before the opening bell after Hong Kong’s benchmark plunged more than 9% after Beijing refrained from major spending initiatives as China’s economy slows

That in turn has sent Treasury yields higher, and the 10-year yield is back above 4% for the first time since August. The two-year Treasury yield also briefly climbed back above 4% Monday, up from 3.50% a couple weeks ago.