Stock Market Rallies as Job Openings Plummet: Wednesday's Market News

The S&P 500 has experienced its largest three-day gain since March, as investors hope signs of a cooling economy will deter the Federal Reserve from raising interest rates. German bond yields and other European bond yields have risen, while Bitcoin has pared some of its gains from Tuesday. U.S. gross domestic product in the second quarter was revised slightly lower to 2.1%. Oil prices have edged up due to concerns over Hurricane Idalia in the Gulf of Mexico and reports of a coup in Gabon, an oil producer and OPEC member.