Stocks soar after back-to-back losing days

U.S. stocks soared Wednesday as Wall Street looked to recover this week’s losses amid a flood of upbeat economic data and earnings releases.

The S&P 500 jumped 1.2%, and the Dow Jones Industrial Average gained 300 points, or roughly 1%. The tech-heavy Nasdaq Composite surged more than 2%.

Bonds also pushed forward after hawkish Fedspeak Tuesday, with the benchmark 10-year Treasury yield near 2.8% and the 2-year yield topping 3.1%.

Economic data out Wednesday that showed the U.S. services sector…

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