Lower crude oil prices lift Wall Street as yields fall
Stocks rebounded sharply on Thursday, with the Nasdaq leading gains, as crude oil prices and treasury yields declined and helped markets turn positive for the week.
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08:42:23 PM UTC
SquawkNews
U.S. STOCKS RALLY AS OIL, BOND YIELDS FALL IN SESSION AFTER FED MEETINGWall Street indexes closed higher on Thursday as oil prices and bond yields fell while investors took Wednesday's decline as a signal to buy. U.S. stocks had fallen in the prior session after the Federal Reserve raised interest…
Stocks moved sharply higher on Thursday after the late-session weakness in the prior session, with the tech-heavy Nasdaq leading the rebound and helping offset recent losses. The Nasdaq and S&P 500 reached new highs, with the S&P 500 moving above 500 for the first time in the session.