RARE PHOTOS: Stocks recover as bond yields fall back | Rare Historical Photos

The S&P 500 Index ($SPX) (SPY) Wednesday closed up +0.16%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.25%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.04%.  March E-mini S&P futures (ESH25) are up +0.13%, and March E-mini Nasdaq futures (NQH25) are up +0.02%. 

Stocks on Wednesday posted modest gains.  Stocks recovered from early losses Wednesday as strong demand for the Treasury’s $22 billion 30-year T-bond auction knocked T-note yields down from early highs, sparking short covering in stocks.  Stocks also garnered support on dovish comments from Fed Governor Waller, who said, “The extent of further easing will depend on what the data tell us about progress toward 2% inflation, but my bottom-line message is that I believe more cuts will be appropriate.”