Wall St rises as Fed officials soothe inflation worries – Reuters

Wall St rises as Fed officials soothe inflation worries – Reuters

U.S. stocks rose marginally on Wednesday after remarks from Federal Reserve officials helped ease worries about higher inflation, while a recent dip in bond yields supported tech-related stocks.

Apple Inc (AAPL.O), Amazon.com Inc (AMZN.O) and Alphabet Inc (GOOGL.O) added between 0.2% and 0.5%, as the yield on the benchmark 10-year Treasury note stood at more than two-week lows of 1.552%.

Higher yields pressure valuations for tech and other growth stocks, whose future cash flows are discounted at higher rates.