Nasdaq jumps 400 points as tech stocks gain ground; Tesla rises 14%

Tesla Inc. shares rebounded on Tuesday after a five-day losing streak wiped out about $149 bn from the company's valuation

The rotation away from the market’s riskiest assets abated Tuesday as dip-buyers sent the Nasdaq 100 to a 3% gain while Treasuries climbed higher.

Beaten-down tech shares led the jump, with Tesla Inc. rallying 14% and the ARK Innovation ETF surging. A smaller advance for the Dow Jones Industrial Average brought it near a record. The 10-year Treasury yield slumped to 1.54%, while Bloomberg’s dollar index slid 0.5%.

Tesla Inc. shares rebounded on Tuesday after a five-day losing streak wiped out about $149 billion from the company’s valuation.

A steady stream of positive news -- including an upgrade from a Wall