Investing.com -- Stocks on the U.S. equities markets rebounded on Wednesday rallying from losses one session earlier, as yields on U.S. 10-Year Treasuries spiked to its highest level in seven months and reduced concerns of a Greek default on its sovereign debt.
The Dow Jones Industrial Average and NASDAQ Composite index gained more than 0.35% to move back into near-record territory, while the S&P 500 Composite index rose slightly to close in the green for just the fourth time in the last 11 sessions. The Dow added 64.33 or 0.36% to 18,076.27, while the NASDAQ gained 22.70 or 0.45% to 5,099.23, several points shy of an all-time closing high. The S&P 500, meanwhile, rose 4.47 or 0.21% to 2,114.07, as eight of 10 sectors closed higher. Stocks in the Telecommunications, Industrials and Financials sectors led, while stocks in the Utilities and Energy industries lagged.Utilities stocks were down by more than 1.3% on the session.
The top performer on the Dow was Home Depot Inc (NYSE:HD), which rose 1.80 or 1.61% to 113.39. Home Depot finished just ahead of JPMorgan Chase & Co (NYSE:JPM), which gained 0.81 or 1.22% to 66.83. Shares in JP Morgan moved higher, one day after one of the world's largest banks announced that it is cutting voicemail service for a large chunk of its employees. The initiative could save the company upwards of $3.1 million, as it looks to slash a portion of its $2 billion in annual expenses. The worst performer was Intel Corporation (NASDAQ:INTC), which continued to retreat days after its $16.7 billion merger with Altera Corporation (NASDAQ:ALTR).
The biggest gainer on the NASDAQ was CH Robinson Worldwide Inc (NASDAQ:CHRW), which soared 2.92 or 4.74% to 64.56 on its ex-dividend date. The Minnesota-based Fortune 500 company, which offers third-party logistics and supply chain services, will pay out dividends of 0.38 per share on June 30. Shares in The Wendy`s Co (NASDAQ:WEN), meanwhile, surged more than 3% to a 7-year high at $11.71 after the Ohio-based fast-food chain announced the start of a $1.4 billion buyback plan.
The worst performer was Charter Communications Inc (NASDAQ:CHTR), which fell 4.67 or 2.65% to 171.64. Last week, Charter announced a proposed merger with Time Warner Cable Inc (NYSE:TWC) for a reported $56 billion.
C.H. Robinson was also the top performer on the S&P 500, ahead of Frontier Communications (NASDAQ:FTR) b, which gained 0.22 or 4.17% to 5.38. The worst performer on the S&P 500 was Chesapeake Energy Corporation (NYSE:CHK), which dropped 0.50 or 3.56% to 13.55.