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September 4, 2025

Wall Street steadies itself as Alphabet rallies and pressure eases from the bond market

By STAN CHOE
AP Business Writer

NEW YORK — Wall Street steadied on Wednesday after Alphabet and other technology stocks rallied. It also got some relief from easing pressure from the bond market, where the latest discouraging report on the U.S. job market bolstered expectations that the Federal Reserve will cut interest rates soon to support the economy.

The S&P 500 climbed 0.5% to break the two-day losing slide it had been on since setting its latest all-time high. The Dow Jones Industrial Average dipped 24 points, or 0.1%, and the Nasdaq composite climbed 1%.


 
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