Stocks recovered much of their sharp losses from a day before, triggered by worries that interest rates will stay high for months longer than hoped.
The S&P 500 rose 1 percent Wednesday, good for more than two-thirds of its loss from Tuesday following a hotter-than-expected report on inflation. The Dow Jones Industrial Average added 0.4 percent, and the Nasdaq composite climbed 1.3 percent. Small-company stocks did even better.
A calmer bond market helped keep things steadier as Treasury yields eased. DaVita, Lyft and other stocks climbed after reporting stronger results for the latest quarter than analysts expected.
On Wednesday:
The S&P 500 rose 47.45 points, or 1 percent, to 5,000.62.
The Dow Jones Industrial Average rose 151.52 points, or 0.4 percent, to 38,424.27.
The Nasdaq composite rose 203.55 points, or 1.3 percent, to 15,859.15.
The Russell 2000 index of smaller companies rose 47.93 points, or 2.4 percent, to 2,012.10.
For the week:
The S&P 500 is down 25.99 points, or 0.5 percent.
The Dow is down 247.42 points, or 0.6 percent.
The Nasdaq is down 131.52 points, or 0.8 percent.
The Russell 2000 is up 2.11 points, or 0.1 percent.
For the year:
The S&P 500 is up 230.79 points, or 4.8 percent.
The Dow is up 734.73 points, or 1.9 percent.
The Nasdaq is up 847.79 points, or 5.6 percent.
The Russell 2000 is down 14.97 points, or 0.7 percent.
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