Wall Street Rebounds as 10-Year Yield Eases to 4.794%, Yen Jumps 0.79%
Updated
Updated · Yahoo Finance · Sep 3
Wall Street Rebounds as 10-Year Yield Eases to 4.794%, Yen Jumps 0.79%
3 articles · Updated · Yahoo Finance · Sep 3
Summary
U.S. stocks rose Wednesday after three straight declines, with the Dow up 295 points, the S&P 500 gaining 0.46% and the Nasdaq adding 0.45% in a partial relief rally.
Treasury yields eased from recent highs—the 10-year slipped to 4.794% after touching 4.818% earlier—helping steady sentiment after a bond selloff had pressured equities.
The rebound came as investors still tracked the U.S.-Iran conflict, where the biggest exchange of fire since July renewed fears of wider Middle East escalation.
Oil added about 1% on supply concerns, with Brent settling at $95.63 and WTI at $91.01, while the yen jumped 0.79% to 158.92 per dollar in an unclear move.