NEW YORK (AP) — Stocks recovered much of their sharp losses from a day before, triggered by worries that interest rates will stay high for months longer than hoped.

The S&P 500 rose 1% Wednesday, good for more than two-thirds of its loss from Tuesday following a hotter-than-expected report on inflation.

The Dow Jones Industrial Average added 0.4%, and the Nasdaq composite climbed 1.3%. Small-company stocks did even better.

A calmer bond market helped keep things steadier as Treasury yields eased.

DaVita, Lyft and other stocks climbed after reporting stronger results for the latest quarter than analysts expected.