U.S. stocks advance on falling yields
American stocks rose at the end of Wednesday's session, partially recovering from the previous day's losses, supported by a decline in U.S. Treasury bond yields and a rally in technology stocks such as Dell Technologies and Nvidia. The S&P 500 index closed up by 0.5% at 7,667.80 points, the Nasdaq by 0.5% at 26,217.83 points, and the Dow Jones by 0.6% at 53,061.51 points. The market focused on rising Treasury yields, which reached multi-year highs amid concerns over inflation and increasing corporate debt, impacting borrowing costs and stock markets. U.S. economic data showed that private employers added 38,000 jobs in August, while manufacturing orders grew by 0.9%. Tensions between Washington and Iran continue due to military escalations and renewed strikes. Investors are also awaiting the upcoming non-farm payrolls report amidst risks of a slowdown in the labor market and the impact of rising yields on economic growth.
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