Stock Market Today: Wall Street Rallies as Pressure From the Bond Market Eases

Stock Market Today: Wall Street Rallies as Pressure From the Bond Market Eases
Specialist John Parisi (L) and trader Fred DeMarco work on the floor of the New York Stock Exchange on Aug. 23, 2023. Richard Drew/AP Photo
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NEW YORK—Wall Street rallied to its best day since June on Wednesday after pressure that’s built up on stocks from the bond market relaxed a bit.

The S&P 500 climbed 1.1 percent to trim its loss for what’s been a dismal August so far. The Dow Jones Industrial Average rose 184 points, or 0.5 percent, and the Nasdaq composite jumped 1.6 percent.