US Stocks Rebound as Treasury Yields Ease from Recent Highs

The US stock market rebounded on Wednesday as Treasury yields eased from their recent multiyear highs. This allowed major indexes to recover part of their losses from a three-day losing streak.

The Dow Jones Industrial Average gained 299.37 points, or 0.56%, to close at 53,066.25. The S&P 500 rose 0.46% to 7,666.82, while the Nasdaq Composite advanced 0.46% to 26,219.85.

The small-cap Russell 2000 outperformed its larger-cap peers as technology and semiconductor stocks helped support the broader market recovery. Nvidia finished higher, while Micron and Qualcomm also advanced.

Bond yields in the UK, Germany, France, and Japan moved higher, putting pressure on equity markets as investors assess inflation risks and rising government debt.