Brendan McDermid/Reuters
- US stocks climbed Wednesday as yields eased following a steep sell-off on Tuesday.
- Private payrolls grew by 89,000 in September, below the 160,000 estimate, ADP reported.
- The 10-year Treasury yields retreated after hitting their highest point since 2007 earlier.
US stocks moved higher on Wednesday as signs of a softer labor market sent US bond yields lower.
That marked a reversal from a Tuesday session that saw the Dow erase all its 2023 gains and the 10-year yield breach its highest mark since 2007.