Wall Street Rises as Yields Ease and Moderna Jumps
U.S. stocks closed higher as easing government bond yields boosted risk appetites. Moderna shares surged after reporting positive trial results for an mRNA cancer therapy, leading gains in the healthcare sector.
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United States stock indexes closed higher on Wednesday as falling government bond yields supported risk assets, led by a record surge in healthcare shares. The S&P 500 rose 0.21% to 7,707.98, while the tech-heavy Nasdaq Composite gained 0.16% to 26,331.09. The advance offered a brief respite for investors navigating higher borrowing costs and inflation pressures.
