Mumbai, Feb. 6 -- The Dow advanced 317.24 points or 0.7% to 44,873.28, the S&P 500 climbed 23.60 points or 0.4% to 6,061.48 and the Nasdaq rose 38.31 points or 0.2% to 19,692.33.

Treasury yields tumbled after the department signaled stability in auction sizes for upcoming quarters. The announcement suggested the Treasury is comfortable with current borrowing strategies, calming market uncertainties. Wall Street saw a tech stock selloff after Alphabet and AMD reported mixed earnings. Alphabet dropped 7.3% on cloud revenue concerns, while AMD fell 6.3% due to weak data center sales despite meeting overall financial targets.

The U.S. service sector growth unexpectedly slowed in January, with ISM's PMI dropping to 52.8 but still indicating ...