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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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.
Bloom Energy shares were up 3.69% as lower oil prices and bond yields supported risk assets and data-center infrastructure names. The piece also points to Generac’s Amazon-related arrangement and Vicor’s licensing deal as sector read-throughs.
U.S. retail sales fell 0.6% in July versus expectations for a 0.1% gain, consumer sentiment dropped to 51, and Treasury yields climbed as small caps held up while tech lagged.
U.S. stocks rose at midday Friday in a broad-based rally, with the Dow up around 0.5% and the S&P 500 gaining 0.4%, as a roughly 4% slide in oil prices cooled the inflation and rate-hike anxieties that had gripped markets all week. The Wall Street Journal reported that Bahrain and Kuwait warplanes had struck sites insi
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