FILE - Cars drive past data centers, July 16, 2023, in Ashburn, Va. (AP Photo/Ted Shaffrey, File)
US stocks halt their slide after the Treasury Department moves to ease pressure from the bond market
U.S. stocks rose after the Treasury Department made a move to ease pressure emanating from the bond market. Strong profit reports for the spring from Target and other U.S. companies also helped support the stock market Wednesday. The S&P 500 rose 0.2% for its first gain in four days after setting its all-time high last week. The Dow Jones Industrial Average added 0.2%, and the Nasdaq composite gained 0.2%. Yields sank in the bond market after the Treasury Department said it will at least double the size of its purchases of longer-term Treasurys. Yields had been climbing on inflation worries and other concerns.
Pennsylvania Gov. Josh Shapiro speaks during a news conference at the state Capitol, Tuesday, Aug. 18, 2026, in Harrisburg, Pa. (AP Photo/Marc Levy)
Pennsylvania Gov. Josh Shapiro speaks during a news conference at the state Capitol, Tuesday, Aug. 18, 2026, in Harrisburg, Pa. (AP Photo/Marc Levy)
FILE - The Paducah Gaseous Diffusion Plant is seen near Paducah, Ky., Nov. 18, 2013. (AP Photo/Stephen Lance Dennee)
FILE - Scranton Mayor Paige Cognetti speaks during a President Joe Biden campaign event in Scranton, Pa., April 16, 2024. (AP Photo/Matt Rourke, File)
FILE - Cars drive past data centers on July 16, 2023, in Ashburn, Va. (AP Photo/Ted Shaffrey, File)
FILE - Virginia Gov. Abigail Spanberger delivers the Democratic response to President Donald Trump's State of the Union address, Feb. 24, 2026, in Williamsburg, Va. (AP Photo/Steve Helber, Pool, File)
Democratic Texas governor's race nominee Gina Hinojosa is focusing on artificial intelligence data centers as a key issue in her campaign against Republican Gov. Greg Abbott. AI data centers are causing concern in rural areas due to their impact on land, water and local life. This issue is resonating in other states like Arizona and Ohio. In Texas, data centers are rapidly expanding while both Democrats and Republicans voice opposition. Abbott has promised to regulate data centers. But critics say Abbott's actions lack urgency. The AI data center controversy could influence the upcoming election.
The site of a future data center being built near Abernathy, Texas, Saturday, July 18, 2026, in Hale County, Texas. (AP Photo/Justin Rex)
