**Stocks Rebound To Session Highs as Bonds Continue to Struggle**

In a surprising turnaround, stocks have surged to session highs with less than an hour remaining before the close of trading. The S&P 500 climbed 0.4%, while the tech-centric Nasdaq gained 0.7%. The Dow Jones Industrial Average also managed to break into positive territory, albeit just barely. This represents a significant recovery, as all three indexes initially opened the trading day with losses.

The S&P 500's impressive comeback is a rare event. This year alone, the index has only experienced 10 days where it has fallen by at least 0.85% before reversing course to end in positive territory. Despite the rally in equities, the bond market tells a different story, with continued sell-offs pushing yields higher.

In particular, the 30-year bond yield has surpassed the critical 5% threshold, a level it hasn't crossed in nearly twenty years. Generally, as yields rise, bond prices fall, which typically makes bonds more attractive compared to equities. This dynamic often triggers a shift away from stock investments; however, the current market is defying this norm.

Contributing to the resilience of the stock market are leading technology giants. Shares of Apple, Nvidia, Amazon, Meta, and Microsoft all posted gains, providing a sturdy backbone for the overall market. The strong performance of these tech behemoths is helping to offset the attractiveness of rising bond yields, keeping the stock market buoyant.

As the trading day nears its end, investors continue to watch closely, with eyes on both the remaining minutes of today's session and the broader implications for the weeks ahead. The divergence between soaring stocks and struggling bonds adds another layer of complexity to an already volatile market.