US stocks jump as British pound shows signs of stabilizing and Treasury yields ease

The US stock market moved higher on Tuesday as the British pound and US Treasury yields showed some signs of stabilizing.

The British pound jumped almost 1% to 1.08 against the US dollar on Tuesday, a day after hitting a record low. The 10-year US Treasury yield fell as much as 10 basis points.

If the stock market closes higher on Tuesday, the major US stock indices will break a five day losing streak.

Potentially lifting risk assets include comments from Chicago Fed President Charles Evans who told CNBC on Tuesday that he is cautiously optimistic the US economy can avoid a recession.

Shortly after the 9:30 a.m., the US index stood here. On Tuesday, it's open.

There are other things happening this morning.

Commodities and bonds are included.

• West Texas Intermediate crude oil jumped 2.32% to $78.49 per barrel. Brent crude, oil's international benchmark, rose 2.28% to $85.98.
• Gold rallied 0.70% to $1,644.90 per ounce.
• The yield on the 10-year Treasury fell three basis points to 3.89%.
• Bitcoin rose 0.14% to $20,127, while ether fell 0.06% to $1,384.