Business & Economy · 1 views
Stocks surge as oil and bond yields retreat, recovering from Fed-induced sell-off
U.S. equities climbed on Thursday, supported by a drop in Treasury yields and oil prices as well as gains in key technology stocks, with traders trying to claw back some of the prior day's losses incited by the first Federal Reserve…
Summary
U.S. equities climbed on Thursday, supported by a drop in Treasury yields and oil prices as well as gains in key technology stocks, with traders trying to claw back some of the prior day's losses incited by the first Federal Reserve interest rate hike in three years. The Dow Jones Industrial Average advanced 363 points, or 0.7%. The S&P 500 was up 1.1%, and the Nasdaq Composite added 1.6%.
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