Stock Market Today: Dow snaps losing streak as Treasury yield storm calms

Investing.com -- The Dow closed higher to snap a three-day losing streak on Wednesday as data showing the pace of private job growth slowed to a 32-month low eased fears somewhat that the Federal Reserve may not need to hike again before year-end, halting the recent rise in Treasury yields.

The move suggests that Intel “isn't done restructuring its assets through shareholder friendly strategies, creating room for more potential value creation moving forward,” Wedbush said.gasoline inventories The decision to stand pat on production was widely expected, while Saudi Arabia and Russia reiterated they will persist with supply cuts through year end.“OPEC+ leaders need to remain committed to supply restraint—and keep output near current levels over the next year—to keep oil inventories generally low and prices high,” S&P Global said in a report earlier this week.

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