Lower Crude Oil Prices, Treasury Yields Spark Rally On Wall Street
The Nasdaq rose 1.7% and the S&P 500 gained 1.1% as traders weighed U.S. data and central bank decisions.
6 Articles
6 Articles
Tech leads Wall St to higher close as oil eases, Treasury yields dip
NEW YORK — Wall Street bounced back Thursday as easing oil prices, dropping U.S. Treasury yields and solid labor data helped markets move beyond the Federal Reserve's first interest rate hike in more than three years.
Oil fall brings optimism about inflation and makes U.S. stock markets shut down this Thursday, a day after the Fed's first interest increase since 2023.
Lower Crude Oil Prices, Treasury Yields Spark Rally On Wall Street
Following the downturn seen late in the previous session, stocks showed a strong move back to the upside during trading on Thursday. The tech-heavy Nasdaq led the way higher, offsetting recent losses and turning positive for the week. The Nasdaq and S&P 500 reached new highs for the session late in the day before giving back ground going into the close.
US stock markets rose on Thursday, supported by falling Treasury yields and oil prices, and gains in key technology companies.
US stocks rose in today's session, as falling US Treasury yields and oil prices, combined with gains in major technology stocks,... Wall Street moved higher - ΙΝΑΦΤΕΜΟΠΟΡΙΚΙ
The Wall Street indices closed in strong high this Thursday (17), following the relief in oil quotation and Treasury revenues — the US public bonds, reference for global interest. The movement reversed the low observed on the eve, in a widespread sale of shares (sell-off) after the first rise in interest [...]
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