Stocks waver on Wall Street, U.K. bond yields fall back

NEW YORK (AP) — Bond markets around the world are relaxing Wednesday after London's central bank pledged to do whatever's needed to restore calm in its financial markets. The move comes amid heightened concerns about the potential for economies worldwide slipping into a recession as the hottest inflation in decades burns businesses and consumers. Stocks in the U.S. wavered amid recession risks and a long list of other worries hanging over Wall Street. The S&P 500 rose 0.3% as of 10:17 a.m. Eastern. The Dow Jones Industrial Average rose 59 points, or 0.2%, to 29,193 and the Nasdaq fell less…