Options traders Chris Dattolo, Scott Frinzi, Justin Kanda, and Ravi Bhandari, left to right, work on the floor of the New York Stock Exchange, Monday, Aug. 17, 2026, in New York. (AP Photo/Yuki Iwamura)
\n\nSpecialist Gregg Maloney works on the floor of the New York Stock Exchange, Monday, Aug. 17, 2026, in New York. (AP Photo/Yuki Iwamura)
\n\nA currency trader passes by a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, Aug. 19, 2026. (AP Photo/Ahn Young-joon)
\n\nNEW YORK (AP) — U.S. stocks rose Wednesday after the U.S. Treasury Department announced a move that could ease pressure coming from the bond market. Strong profit reports for the spring from Estee Lauder, Target and other U.S. companies also helped support Wall Street.
\n\nThe S&P 500 climbed 0.2% for its first gain in four days after setting its all-time high last week. The Dow Jones Industrial Average added 119 points, or 0.2%, and the Nasdaq composite ticked 0.2% higher.
\n\nFinancial markets have come under growing strain as Treasury yields charged higher through the summer on worries about inflation, big government debts and other factors. That…
Original source: https://apnews.com/business