Stock Market Today: Coke, Chipotle Keep the Snap-Back Rally Rolling

Investors kept up the bullish momentum Wednesday, encouraged by a pause in bond buying and strong corporate earnings.

Chipotle sign
(Image credit: Getty Images)

The stock-market rebound from Monday's steep selloff continued Wednesday, with traders taking their cues from the earnings calendar and stability in the bond market.

An exodus to the safety of bonds continued to ease, with the 10-year Treasury yield recovering another 8 basis points to 1.293% after hitting a five-month low on Monday. (A basis point is one one-hundredth of a percentage point.)

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Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.

Kyle was previously the Senior Investing Editor for, and the Managing Editor for before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 

You can check out his thoughts on the markets (and more) at @KyleWoodley.