Wall Street closes higher as tech gains offset yield concerns

Wall Street closed higher on Wednesday, September 2, 2026, as a pullback in Treasury yields and strong gains in major technology stocks helped the market rebound from a three-day losing streak. The Dow Jones Industrial Average rose 299.37 points, or 0.56%, to 53,066.25. The S&P 500 gained 0.46% to 7,666.82, and the Nasdaq Composite advanced 0.46% to 26,219.85. The recovery was led by technology and communication services companies, with Nvidia climbing more than 3% and Meta adding 2.5% after releasing its most advanced artificial intelligence model. The market's advance came as the yield on the benchmark 10-year Treasury note, which had earlier reached a high of 4.818%, its highest level since November 2023, eased back to around 4.78%. The pullback in yields provided relief for equities, which had been under pressure from a broader bond market selloff fueled by concerns over inflation and rising government debt. The yield on the 2-year Treasury, which closely tracks expectations for Federal Reserve interest rate moves, held steady at 4.39%. Oil prices remained elevated but relatively stable, with West Texas Intermediate crude settling nearly $1 higher at $91.