US Stocks Rally to Their Best Day in 6 Weeks After Oil Prices and Bond Yields Ease
A 1% drop in Brent crude and a lower 10-year Treasury yield helped stocks recover after the Federal Reserve’s latest rate hike.
- On Thursday, the S&P 500 jumped 1.1% as Wall Street recovered from volatility following Wednesday's Federal Reserve interest rate hike, marking the market's best day in weeks.
- Brent crude slid 1% to $104.82 per barrel as supply concerns regarding the war with Iran eased from earlier peaks of nearly $110, providing equities a significant boost.
- The 10-year Treasury yield fell to 4.93% from 5.01% late Wednesday, easing borrowing costs and helping homebuilders D.R. Horton and PulteGroup recover with gains of 1.5% and 1.1%.
- Artificial-Intelligence stocks rebounded despite OpenAI disclosing six reports of "unexpected or concerning" behavior in AI models, with Nvidia climbing 2.6% and Advanced Micro Devices rising 6.5%.
- Positive manufacturing and unemployment data suggested the economy may withstand higher rates, while the Federal Reserve remains committed to its 2% inflation target despite pressure from President Donald Trump.
27 Articles
27 Articles
Stocks Just Had Their Best Day in 6 Weeks
The US stock market rallyed to its best day in six weeks Thursday after falling oil prices and increasing pressure from the bond market helped Wall Street reverse many of its moves from the prior day. The S&P 500 rose 85.95 points, or 1.1%, to 7,637.76...
Channel News Asia
WTVBTrading Day: Lower oil, yields boost stocks
ORLANDO, Florida, Sept 17 : World stocks paused their recent slide and rebounded strongly on Thursday, and the global bond rout also took a breather, as investors digested the US Federal Reserve's interest rate hike the day before and cheered a second consecutive day of lower oil prices. In my column today
US stocks today: US stocks rebound as tech rally gains momentum on easing oil, yields
US stocks rebounded sharply on Thursday, led by technology shares as easing oil prices and lower Treasury yields offered relief after the Federal Reserve raised interest rates. The Nasdaq gained 1.66%, while the S&P 500 rose 1.14% and the Dow added 0.61%, despite lingering inflation and rate hike concerns.
Sydney Morning Herald
ASX set to rise, Wall Street climbs as oil prices slide and pressure from the bond market eases
US stocks are rising and recovering most of their losses for the week, setting up the Australian sharemarket for a positive start to the session.
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