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Stock market today: Wall Street rises after getting some relief from the bond market and oil prices
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Dow Adds 127, Nasdaq Jumps 177, S&P Gains 34
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U S tech giants fuel end of day climb as yields slide
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Wall Street rose after getting some relief from relaxing bond yields and falling oil prices. The S&P 500 climbed 0.8% Wednesday to claw back more than half its sharp tumble from a day earlier, which sent it to a four-month low. The Dow rose 127 points a day after wiping out its gains for the year. The Nasdaq composite jumped 1.4%. Treasury yields eased to give the stock market some more oxygen after reports suggested the U.S. economy may be cooling. Oil prices also tumbled by to take some pressure off inflation and the threat of rates staying very high.
Stock market today: Wall Street steadies after selloff as reports suggest US economy may be cooling
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