Dow Jones gains over 300 points as Treasury yields decline

US stock indices rose as Treasury yields declined, amid market focus on the trade tensions that escalated following President Donald Trump's assumption of office, along with the ongoing corporate earnings season.

The Dow Jones Industrial Average added nearly 0.7%, or 317 points, to 44,873 points.

The S&P 500 jumped about 23 points, or 0.4%, to 6,061 points, while the Nasdaq Composite Index gained 38 points, or 0.2%, to end at 19,692 points.

As for the European indices, the STOXX Europe 600 surged 0.45% to 538.5 points, with gains limited by the decline in the mining and automotive sectors.

The French CAC 40 dropped 0.2% to 7,891 points. The British FTSE 100 edged up 0.6% to 8,623 points, while the DAX Index rose 0.35% to 21,585 points.

The Nikkei index advanced 0.10%, or 33 points, to 38,831 points, while the broader Topix index added 0.25% to 2,745 points.

Brent crude futures for April delivery dropped 2.1%, or $1.59, to $74.61 per barrel.

Meanwhile, the US West Texas Intermediate (WTI) crude futures for March delivery retreated 2.3%, or $1.67, to $71.03 per barrel.

Regarding gold, futures prices for April delivery were up 0.6%, or $17.2, to $2,893 per ounce, hitting a record high for the third straight session.