Stocks notched their first win of the week on Wednesday as Treasury yields and oil prices pulled back. Market participants also took an optimistic stance ahead of tonight's quarterly results from AI bellwether Nvidia (NVDA), which could help set the tone for the broader market's short-term price action.
After surging to their highest levels in roughly a year, bond yields took a breather today. The yield on the 2-year Treasury bond fell 7.8 basis points to 4.044%, with the yields on the 10-year (-9.3 basis points to 4.576%) and 30-year (-6.5 basis points to 5.116%) Treasury bonds also declining.
