US stocks rally on Thursday, Nasdaq up 1.7%, as oil prices and Treasury yields dip post-Fed rate hike
Wall Street saw a broad, tech-led rally with all three major US stock indexes closing sharply higher. The Dow Jones Industrial Average rose 0.6% to 51,779, the S&P 500 gained 1.1% to 7,637, and the Nasdaq Composite advanced 1.7% to 26,418. This rebound was driven by easing crude prices, dropping US Treasury yields, and solid labor data, following the Federal Reserve's first interest rate hike in over three years on Wednesday. Fed Chair Warsh re-emphasized the Fed's independence and stated the US economy is strong, with price stability not harming the job market. Crypto-linked stocks also rose, with Circle Internet Group, Robinhood, and Coinbase each advancing over 5%, after the US SEC unveiled a five-year exemption for tokenized stock trading. Meanwhile, CoreWeave fell 4.2% and Fluence Energy tumbled 15.4% after lowering its revenue forecast.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
Analysis of Major Global Cryptocurrency Exchanges and Market Trends
-
2
CME Launches 24/7 Crypto Futures Trading: Market Impact and Mechanism Analysis
-
3
Bitcoin, Gold, and Stocks: A Comparison of Risks, Returns, and Use Cases
-
4
What is MATE? An Analysis of the Asset, Project Positioning, and Current Status
-
5
OMG and RIF Contract Status Analysis: Two Layer Projects Heading in Different Directions
-
6
What is HKBY coin? Trading Activity and Risk Warning
-
7
RLTM (RMV) Token: Reality Metaverse Token Prospects and Investment Considerations
-
8
What is WE Coin? An Analysis of WeBuy Token (WE)'s Use Cases and Trading Platforms
-
9
SAND Future Price Trends: Volatility Sources, Ecosystem Developments, and Risk Boundaries
-
10
Arbitrum (ARB) Token: Latest Price and Market Performance Analysis
Markets Today
Recommended Reading










