US shares attempt to recover on easing T-yields

Dow jumps 200 points Wednesday, Nasdaq tries to snap 7-day losing streak
US shares surged on Wednesday. The shares are trying to abandon three-week slide as rates and oil prices eased, cooling investor concerns about continued high inflation.

The Dow Jones Industrial Average gained 280 points, or 0.9%. The S&P 500 rose 1.1% and the Nasdaq Composite ticked up 1.2%, attempting to break a seven-day losing streak.

Stocks have been struggling recently as Treasury yields were trading around their highest levels since June. But, US Treasury yields dipped following a jump on Tuesday and this could trigger a remarkable reaction in the stock market.

September has historically been the toughest month for the market. All eyes are on the 3,900 level on the S&P 500. Some see the index falling to even lower lows, while others are optimistic about a year-end rally.

With equities back to June lows and the rates path reset higher, more inflation easing along with decisive EU government intervention to tackle the energy crisis could prompt another bear squeeze.