Nasdaq 100 Rallies as Oil Slides, Yields Retreat: Stock Market Today
Wall Street snapped a two-day losing streak Thursday as oil retreated from its geopolitical spike and the 10-year Treasury yield slipped back below 5%. Chipmakers led the rebound, with Intel, AMD and Micron all posting outsized gains, while gold climbed 2.5% to $4,369 an ounce. The bounce came one day after the Federal Reserve delivered its first interest rate hike since 2023 and signaled at least
The stock market bounced back after oil prices fell and interest rates went down. When oil costs less and borrowing feels cheaper, companies can grow more easily.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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