Financial Markets Wall Street

U.S. stocks rose and trimmed their losses in what had been a rocky June. The S&P 500 gained 0.8% Tuesday, though it still fell to its first losing month following two fabulous ones. The Dow Jones Industrial Average added 0.3% to another record, and the Nasdaq composite climbed 1.5%. Stocks in the artificial-intelligence industry were strong following sharp swings earlier in the month on worries they’d grown too expensive. Treasury yields rose in the bond market, and oil prices eased. Stock indexes rose in much of Europe and Asia, while the Japanese yen fell near a 40-year low against the U.S. dollar.

U.S. stock indexes are drifting lower as higher yields in the bond market turn up the pressure. The S&P 500 slipped 0.5% early Wednesday and was heading toward its eighth loss in the last 11 days. The Dow Jones Industrial Average fell 189 points, and the Nasdaq composite lost 0.7%. Kroger fell after the grocer said it agreed to buy Giant Eagle for $1.25 billion. Stocks felt pressure from rising yields in the bond market, which make it more expensive for businesses and households to borrow money and slow the economy. The yield on the 10-year Treasury rose to 4.48%.