The S&P 500 index rebounded after experiencing losses earlier in the day. Market participants digested a series of economic indicators and corporate announcements, leading to a dynamic trading environment.

Initial declines were attributed to concerns over rising interest rates, spurred by comments from Federal Reserve officials. However, positive earnings reports from major technology companies helped to alleviate some of the downward pressure.

Furthermore, revised GDP figures, indicating stronger-than-expected economic growth, provided additional support to the market recovery. By the close of trading, the S&P 500 had edged into positive territory, demonstrating resilience in the face of economic uncertainty.