U.S. stocks rose and government-bond yields fell Wednesday following a recent climb, potentially easing some pressure on technology shares.
The S&P 500 was up 1.45% as of the 4 p.m. close of trading in New York. The broad index had also risen Tuesday as investors snapped up shares of companies across industries. The Dow Jones Industrial Average climbed 306 points, or 0.9%, while the Nasdaq Composite added 2.1%. While all three indexes are up this week so far, they are in negative territory year to date.