US stock exchanges end trading day in positive territory – Biogen shares rise by up to 43 percent

new York After several days of losses in a row, investors are returning to Wall Street. The provisional end of the sell-off in US government bonds gave them courage on Wednesday. The US standard value index Dow Jones closed 1.9 percent higher at 29,683 points. The tech-heavy Nasdaq advanced 2.1 percent to 11,051 points. The broad S&P 500 gained two percent to 3719 points.

At the same time, buying in US bonds pushed the 10-year yield down to 3.7672 percent after rising to a 14-year high of 4.019 percent.

Could the stock market defend its gains, asked Hugh Johnson, chief economist at research house Johnson Economics. “Well, maybe for a few days. With growing concerns about the economy, we can’t use the phrase ‘over the hill’ just yet.”