The U.S. stock market bounced back 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 1.1% Wednesday for its first rise in four days and neared its all-time high set last week. The Dow Jones Industrial Average added 1.3%, and the Nasdaq composite rallied 1.5%. Stocks got a lift from easing yields in the bond market, which halted their sharp recent climbs on worries about inflation. The yield on the 10-year Treasury fell back below 4.60% as the price of Brent crude oil dropped more than 5%.
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