📝 Executive Summary
U.S. equities rebounded Thursday as investors shrugged off the Federal Reserve's recent interest rate hike. The S&P 500 climbed 1% and the Nasdaq outperformed, while the 10-year Treasury yield retreated below 5%.
Stocks and bonds recover from Wednesday's sell-off as Brent crude prices drop 3% on easing supply concerns regarding Saudi pipeline disruptions.
S&P 500 rose 1% in early trading as investors retraced post-Fed losses.
Nasdaq rose even further than S&P 500 in early trading.
Brent crude futures dropped 3% on hopes Saudi pipeline disruption less severe.
10-year Treasury yield declined below 5% after earlier jump.
WSJ Dollar Index retreated after jumping Wednesday.
U.S. equities rebounded Thursday as investors shrugged off the Federal Reserve's recent interest rate hike. The S&P 500 climbed 1% and the Nasdaq outperformed, while the 10-year Treasury yield retreated below 5%.
Yields are retreating as investors re-evaluate the initial market reaction to the Fed's rate increase, aided by a decline in oil prices which reduces inflationary pressure.