US stocks: US market rebounds to close higher as surging Treasury yields recede

US stocks recovered from early losses to close higher on Thursday, with the S&P 500 bouncing from a two-week low as a global bond selloff reversed course after sending US Treasury yields to multi-decade highs. Stocks were under pressure in early trading as economic data kept pointing to a solid economy with persistent price pressures that stoked fears that inflation could ultimately force the Federal Reserveto become more aggressive with rate hikes. S&P 500 Top Gainers Accenture211.49(19.28%) Synopsys491.13(18.32%) Fair Isaac667.86(8.29%) Cadence Design Systems350.96(8.26%) S&P 500 Top Losers Corteva12.40(-84.08%) McCormick & Co44.06(-8.95%) Coterra Energy32.56(-8.62%) AppLovin282.59(-7.55%) The Labor Department said weekly initial…