Stocks fell in overnight trading after Chinese equities crashed. Treasury yields were also lower on the same news. Stocks and Treasury yields continued to slide in early trading.
The Chicago Fed National Activity Index showed the economy expanded at a well above-trend rate for March, although a bit slower than in February.
Stocks rallied to close higher on the news Elon Musk is taking Twitter private in a massive leveraged buyout. Treasury yields pared some of their declines to close lower on the day.