October 04, 2023 - 1:04 PM
NEW YORK (AP) — Wall Street closed higher as the bond market loosened its vise on the stock market. The S&P 500 rose 0.8% Wednesday, coming off a 1.4% tumble that sent it to its lowest level in four months. The Dow rose 127 points, a day after wiping out its gains for the year. The Nasdaq composite added 1.4%. Treasury yields eased to give the stock market some more oxygen after reports suggested the U.S. economy may be cooling.