US Stocks Jump After Oil Prices and Pressure From the Bond Market Ease
Futures rose as Brent crude fell 3% and the 10-year Treasury yield eased, helping investors recover losses after the Fed’s quarter-point hike.
- US stocks are jumping Thursday, reversing Wednesday's losses after the Federal Reserve hiked its main interest rate for the first time in three years.
- Brent crude oil slid 3% to $102.70, while the 10-year Treasury yield fell to 4.95% from 5.01%, easing pressure on stocks after Wednesday's volatility.
- Stocks in the artificial-intelligence industry rebounded with Nvidia climbing 1.8% and Advanced Micro Devices rising 3.6%, while homebuilder D.R. Horton added 0.8%.
- Reports on Thursday signaled a solid US economy, with fewer workers applying for unemployment benefits last week and manufacturing growth in the mid-Atlantic exceeding expectations.
- Fed Chairman Kevin Warsh cited "geopolitics" and inflation risks as factors behind the rate hike, with officials signaling another potential increase to 4.1% this year.
35 Articles
35 Articles
US stocks rise after oil prices fall and pressure from the bond market eases - Boston News, Weather, Sports
NEW YORK (AP) — U.S. stocks are rising Thursday and recovering most of their losses for the week. Falling oil prices and easing pressure from the bond market helped Wall Street reverse many of its moves from the prior day, when the Federal Reserve hiked its main interest rate for the first time in years and suggested more may be ahead as it tries to get the nation’s high inflation under control. The S&P 500 climbed 0.9% and was on track for just…
The Daily Advance
US stocks jump after oil prices fall and pressure from the bond market eases
U.S. stocks are jumping and clawing back most of their losses for the week. Falling oil prices and easing pressure from the bond market on Thursday are helping Wall Street reverse many of its moves from the prior day, when…
US stocks jump after oil prices and pressure from the bond market ease
U.S. stocks are jumping and clawing back nearly all their losses for the week. Falling oil prices and easing pressure from the bond market Thursday are helping Wall Street reverse many of its moves from the prior day, when the…
The Columbian
U.S. stocks jump after oil prices fall and pressure from the bond market eases
NEW YORK — U.S. stocks are jumping Thursday and clawing back most of their losses for the week.
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