US stocks stabilized in Wednesday evening trading on Wall Street, with Alphabet, the owner of Google, and other technology stocks rising, and bond market pressures easing on equities.
The broader S&P 500 index rose by 32.72 points, or 0.5%, to 6448.26 points, approaching a break in a two-day decline since it hit its all-time high.
The Dow Jones Industrial Average fell by 24.58 points, or 0.1%, to 45271.23 points, while the Nasdaq Composite rose by 218.10 points, or 1%, to 21497.73 points.
Alphabet’s stock rose by 9.1%, one of the main factors supporting the market after it avoided some of the worst-case scenarios in its antitrust case.
At the same time, calm in the bond market contributed to the stability of Wall Street after a day of rising government bond yields worldwide due to concerns about governments’ ability to repay accumulated debts, as well as worries that US President Donald Trump’s pressure on the Federal Reserve to cut short-term interest rates could lead to higher inflation in the long term.
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