U.S. stocks rose on Thursday, erasing initial declines, as Treasury yields eased off recent highs after the House of Representatives passed U.S. President Donald Trump's tax and spending bill. Recent concerns about the U.

US stock indices opened mixed on Thursday after the House of Representatives cleared President Donald Trump's tax bill, which is expected to burden the country with trillions in debt.

Wall Street slumped under the weight of pressure from the bond market, where Treasury yields climbed on worries about the U.S. government’s spiraling debt and other concerns.