NEW YORK (AP) — The U.S. stock market is bouncing back Wednesday after pressure eased on Wall Street from the bond market and oil prices gave back some of their big gains.
The S&P 500 climbed 0.7% toward its first gain in four days and pulled near its all-time high set last week. The Dow Jones Industrial Average was up 323 points, or 0.7%, as of 11:15 a.m. Eastern time, and the Nasdaq composite was 1.1% higher.
Stocks got a lift from easing yields in the bond market, which offered relief following rapid ascents that had rattled stock markets worldwide. The yield on the 10-year Treasury fell to 4.60% from 4.67% late Tuesday, a notable move for the bond market, which measures things in hundredths of a percentage point.
