Stocks Rebound as Bond Yields Stabilize, But Uncertainty Lingers After House Speaker Ouster

Wall Street stocks recovered Wednesday as bond sell-off took a breather and investors braced for fallout from ouster of US House Speaker.

Stocks suffered deeper losses earlier as government bond yields climbed, with 30-year Treasury yield reaching 5% for first time since 2007.

Two more Federal Reserve officials joined colleagues in signaling rates likely to stay high for long time.

Historic ouster of House Speaker Kevin McCarthy ramped up uncertainty, heightening odds of US government shutdown.

Softer-than-expected economic data welcomed sign for investors as stocks popped after weaker private payroll additions in September.