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US stocks climb amid bond drops
U.S. stocks rose at the end of Wednesday's trading to recover from the previous session's losses, as U.S. Treasury bond yields declined and market pressures eased. The S&P 500 gained 0.5%, closing at 7,667.80 points; the Nasdaq rose 0.5% to 26,217.83 points; and the Dow Jones increased 0.6% to 53,061.51 points. The market's focus was on concerns about inflation, rising oil prices, and tensions with Iran, alongside expectations for the release of significant economic data, including the U.S. jobs report. The yields on the 10-year Treasury bonds reached their highest levels since November 2023, exerting pressure on technology stocks and growth sectors.
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