Stock market today: Wall Street holds steadier as its September swoon eases
Wall Street is holding steadier Wednesday as its sharp September swoon eases up a bit. The S&P 500 was 0.3% higher Wednesday, a day after dropping 1.5% to its lowest level since June. The Dow was up 13 points, and the Nasdaq composite was 0.5% higher. Stocks were feeling some relief from relaxing pressure within the bond market. There, Treasury yields eased back from their highest levels in more than a decade. High yields mean bonds are paying more in interest, which makes investors less willing to pay high prices for stocks and other riskier investments. Crude oil prices rose further.