The U.S. stocks rise for first time in four sessions as Treasury yields take breather

Stocks rose on Wednesday as U.S. Treasury yields took a breather from the recent run-up that sent them to multiyear highs.

The S&P 500 traded up 0.4%, while the Nasdaq Composite gained 0.3%. The Dow Jones Industrial Average added 233 points, or 0.4%, boosted by a rise in shares of Nvidia and Johnson & Johnson

.

Stocks have been pressured lately by elevated bond yields as traders worried about the impact of rising oil prices on inflation. The S&P 500, as well as the tech-heavy Nasdaq and 30-stock Dow, are currently on track to snap a three-day losing streak.

The benchmark U.S. 10-year Treasury

 note yield hit a high of 4.818% on Wednesday — a level not seen since November 2023. Yields in the U.K., Germany and France also rose. In Japan, the 10-year government bond yield

 traded around multi-decade highs.