S&P 500 jumps as investors swoop in on tech after rout; European markets close 1% lower amid inflationary pressure 
The S&P 500 rebounded strongly to end higher Wednesday, after Republican lawmakers softened their stance on a debt ceiling extension, paving the way to a possible deal that would avoid the U.S. defaulting on its debt. 
The upside in the broader market was stifled, however, by fall in energy, paced by a decline in oil prices after disappointing U.S. weekly petroleum data and reports the U.S. is considering releasing emergency oil supplies. 
Crude inventories increased by 2.346 million barrels last week, compared with analysts' expectations for a draw of 418,000 barrels. 
Elsewhere in the energy complex, natural gas reversed its gains after Russian President Vladimir Putin said Russia is ready to supply more natural gas to ease the ongoing energy crunch. 
In other news, General Motors (NYSE:GM) unveiled a plan to double annual revenue and improved margins by the end of this decade. 
Moderna (NASDAQ:MRNA) fell 9% after Sweden’s public health agency suspended use of the company’s Covid-19 vaccine for anyone born in and after 1991 because of increased risk of heart inflammation. 

The pan-European Stoxx 600 provisionally ended down 1%, with all sectors and major bourses in negative territory. Retail, autos and travel and leisure stocks were among those leading the losses, down over 2.5%. 
German software development company TeamViewer tumbled over 25% after it cut full-year guidance and reported weaker-than-expected quarterly results. 
Source: CNBC, Investing.com