All three major U.S. stock indexes rose on the 2nd as the 10-year Treasury yield retreated from an intraday peak of 4.814% and oil prices turned lower. At 10:27 a.m. on the New York Stock Exchange, the Dow Jones Industrial Average was up 0.74% at 53,157.46, the S&P 500 had gained 0.51% to 7,670.47 and the Nasdaq Composite was 0.43% higher at 26,212.60. The rebound followed a sell-off on the 1st, when renewed U.S.-Iran military conflict pushed oil prices and bond yields higher. October WTI crude was down 0.73% at $89.57 a barrel and November Brent was down 0.33% at $94.29. New York Fed President John Williams said inflation was continuing to moderate as tariff effects faded, while ADP reported private-sector employment growth of 38,000, below the 47,000 consensus estimate and the smallest increase since January. Analysts said the Federal Reserve’s focus was likely to remain on inflation, particularly after Fed Chair Kevin Warsh’s hawkish remarks. Global bond yields also climbed, with Japan’s 10-year yield above 3%, the U.K.’s at 5.25% and Germany’s around 3.35%. Dell Technologies rose 4.34% after increasing its annual revenue outlook by $25 billion, while Broadcom was scheduled to report earnings after the market close.