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US stocks: Wall Street reaches four-week highs as bond yields drop

U.S. stock indexes climbed the most in roughly a month as bond yields eased, with investors shrugging off hawkish remarks made by Federal Reserve officials on Wednesday. The last time the Nasdaq Composite, S&P 500 and the Dow Jones Industrial Average reached a higher one-day percentage jump was on Aug 10, although investors doubt this is a long-lasting trend. The technology-heavy Nasdaq led gains among the main indexes, snapping a seven-session losing streak. U.S. stocks have sold off sharply since mid-August after hawkish comments from Fed Chair Jerome Powell were compounded by signs of an economic slowdown in Europe and …

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