By Stephen Culp and Niket Nishant NEW YORK, Sept 3 (Reuters) - Wall Street rallied on Thursday as investors curbed their rate hike bets after U.S. Federal Reserve Governor Christopher Waller said he would support holding the Fed funds target rate steady if data shows inflationary pressures are abating.

Stocks rose on Wall Street as bond yields eased further and a rally in big technology companies helped the market recoup its losses from earlier in the week. The S&P 500 rose 1.1% Thursday, with technology stocks powering much of the gains.

Stocks are rising on Wall Street as gains by big technology companies and relatively steady oil prices and bond yields help lift the market

Markets wobble heading into the Labor Day weekend as bond vigilantes push back against Washington, oil stays tense with Middle East strikes escalating, and Wall Street analysts make bold calls on names ranging from Broadcom to Moderna that could reshape your portfolio positioning.

An earnings beat wasn't enough to stop Broadcom from slipping. The mystery of $7 ground beef has the DOJ’s attention. Chipotle is taking its burritos to Asia.

Major Wall Street firms have emerged as the largest reported holders of spot XRP exchange-traded funds, according to second-quarter 13F filings analyzed by Bloomberg Intelligence.

The market “needs stability and trust” as a deluge of corporate bond supply is expected in the coming months.

By Niket Nishant and Tharuniyaa Lakshmi Sept 3 (Reuters) - Wall Street's main indexes opened higher on Thursday after Federal Reserve Governor Christopher Waller said he could support holding rates steady this month if data confirms price pressures are cooling off.