Tech stocks lead a market rebound as the 10-year Treasury yield eases to 4.96% and oil prices retreat, with Bitcoin holding steady above $76,000.
Nvidia shares rose more than 2% as tech stocks gained.
The 10-year Treasury yield fell 5 basis points to near 4.96% as bond yields eased.
Brent crude futures dropped to $102 per barrel.
West Texas Intermediate traded near $100 per barrel.
Technology stocks gained as the sector ETF XLK rose.
Amazon rallied along with other tech names.
Microsoft rallied along with tech stocks.
Bitcoin gained roughly 1% to hold above $76,000.
Gold held steady above $4,400 per ounce.
Nebius was listed among notable stocks viewed by readers, with no specific price movement mentioned.
Arm Holdings was listed among notable stocks viewed by readers, with no specific price movement mentioned.
CoreWeave was listed among notable stocks viewed by readers, with no specific price movement mentioned.
U.S. stocks rebounded on Thursday as easing bond yields and lower oil prices bolstered investor sentiment. The 10-year Treasury yield fell 5 basis points to 4.96%, while tech heavyweights including Nvidia, Amazon, and Microsoft led the market higher. Bitcoin maintained momentum above $76,000 following the Federal Reserve's recent interest rate hike.
Following the Fed's 25 basis point rate hike, bond yields eased and equity markets rebounded, with investors pricing in the possibility of a second hike later this year.