Stocks climb, U.S. yields fall on central bank pause hopes

Stocks rally, US yields flat on hope for central banks pause

The S&P 500 closes at its highest intraday level since August 19 and the Nasdaq closes at its highest since September 12, getting an additional boost from a 23.28% surge in Facebook parent Meta Platforms

Stocks rally, U.S. yields flat on hope for central banks pause

NEW YORK -- A gauge of global stocks climbed for a third straight day and longer-dated U.S. Treasury yields were flat on Thursday, as policy announcements from a host of central banks added to optimism that the cycles of interest rate hikes may be near an end.

Stocks climb, U.S. yields fall on central bank pause hopes

In commodities, oil prices slipped, with U.S. crude recently falling 0.69% to $75.88 per barrel and Brent at $82.23, down 0.74% on the day.

Stocks climb, U.S. yields fall on central bank pause hopes

By Chuck Mikolajczak NEW YORK (Reuters) - A gauge of global stocks rallied and U.S. Treasury yields mostly fell on Thursday, as policy announcements from a string of central banks fueled optimism that