US Stock Markets Rebound as Treasury Yields Retreat
The US stock markets rebounded on Wednesday, snapping a three-session losing streak as Treasury yields retreated from multi-year highs and oil prices steadied near $95 a barrel.
The Dow Jones Industrial Average advanced 295.07 points, or 0.56%, to settle at 53,061.95, while the S&P 500 gained 35.12 points, or 0.46%, ending at 7,666.59. The Nasdaq Composite rose 118.05 points, or 0.45%, to finish at 26,217.83.
The blue-chip index was led by technology and healthcare stocks, with Nvidia (NVDA) emerging as the top performer, rising 3.20%. Johnson & Johnson (JNJ) added 1.49%.