S&P 500 adds 46 points as cooling borrowing costs boost tech and growth stocks

p>Major Wall Street indices closed higher on Tuesday, 6 October, as a retreat in US Treasury yields and a stabilisation in global oil prices provided relief to equity markets. The gains follow a period of volatility driven by shifting interest rate expectations and energy supply concerns. Benchmark indices post gains The S&P 500 rose 46.52 points, or 0.60 percent, to end the session at 7,820.47. The Dow Jones Industrial Average climbed 263.67 points, or 0.49 percent, reaching a closing level of 51,531.57. The tech-heavy Nasdaq Composite gained 127.43 points, or 0.46 percent, to finish at 27,604.74. The market recovery was largely triggered by a cooling in the 10-year Treasury yield, which had previously reached levels that pressured growth stocks. Simultaneously, Brent crude and West Texas Intermediate (WTI) prices levelled off after recent fluctuations, reducing immediate inflation fears for industrial and transport sectors. Market drivers and outlook Investors focused on the easing of borrowing costs, which typically supports valuations in the technology and consumer discretionary sectors. The stabilisation of oil prices also eased pressure on corporate margins outside the energy sector, which had been bracing for higher operational costs. This upward movement is timely as traders prepare for the next round of inflation data and corporate earnings reports. Market participants are now monitoring whether the easing of yields is a temporary correction or a sustained trend…