US Equities Rebound as Treasury Yields Fall From Multi-Decade Highs
US stocks turned higher on Thursday, with major indices like the S&P 500 rebounding sharply from early session lows. This reversal followed a sharp drop in Treasury yields after they had reached multi-decade highs, indicating a shift in market sentiment.
US stocks moved higher on Thursday in choppy trading, with the S&P 500 briefly dropping to a two-week low before rebounding sharply as a global bond selloff reversed after pushing US Treasury yields to multi-decade highs. Stocks were under pressure early in the session, but the broader market recovered as yields eased from those elevated levels.