Tech Stocks Lead a Rally on Wall Street as Bond Yields Ease some More
- Wall Street rose Thursday as Treasury yields eased, offsetting an 11% surge in oil prices driven by the intensifying six-month U.S. war with Iran.
- Bond yields showed stabilization after weeks of inflationary pressure, with the 10-year Treasury dropping to 4.75% from 4.79% and the 2-year sliding to 4.33% from 4.39%.
- Gains in big technology stocks fueled optimism, with Microsoft, Apple, and Meta rising; Nvidia climbed 1.1% after announcing plans to acquire Hugging Face for $13 billion.
- Elsewhere, corporate earnings triggered mixed results: Snowflake jumped 21.4% on strong results, while Tyson Foods fell 6.9%, Broadcom dropped 5.7%, and Victoria's Secret slumped 10.4%.
- The Labor Department reported jobless claims remain at historically low levels, keeping investor focus on the Federal Reserve's goal to cool inflation to 2% ahead of September data.
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46 Articles
Tech stocks lead a rally on Wall Street as bond yields ease some more - WXXV News 25
By ALEX VEIGA Stocks on Wall Street closed higher Thursday as a recent run-up in bond yields eased further and big technology companies rallied, helping the market recoup its losses from earlier in the week. The S&P 500 rose 1.1%. The Dow Jones Industrial Average gained 1.2%, and the Nasdaq composite closed 1.4% higher. The indexes are now on track to post a gain for the week. The mixed start to September follows a mostly positive August durin…
Bozeman Daily Chronicle
Tech stocks lead a rally on Wall Street as bond yields ease some more
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…
Sydney Morning Herald
ASX inches higher as banks shine; Oil prices rise
The Australian sharemarket has made a positive start to the final session of the week after gains in big technology stocks and easing bond yields helped lift Wall Street even as oil prices ticked higher
Wall Street rises as bond yields ease despite oil spike in US-Iran war
Wall Street opened higher as easing Treasury yields countered a fresh climb in oil prices amid the US-Iran conflict. The move signalled investor relief on rates, though the war-linked oil surge kept inflation worries alive.
Stocks rise on Wall Street as bond yields ease some more, even while oil prices continue to climb
Gains in big technology stocks and easing bond yields helped lift Wall Street on Thursday even as oil prices ticked higher amid an escalation in the U.S. war with Iran.
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