US stocks climb as bond yields slip from 16-year highs

• US stocks moved higher on Thursday, while bond yields fell. 
• The Dow Jones Industrial Average gained more than 100 points. 
• The 10-year yield retreated from a 15-year high to about 4.606%. 

US stocks closed in the green on Thursday as bond yields retreated from multi-year highs.

Investors pushed stocks higher as they try to rebound from steep losses in the month. The 10-year US Treasury edged down from its highest market since 2007, giving some relief to traders that have been dealing with the outlook for higher-for-longer interest rates since last week’s Federal Reserve policy meeting.