Major U.S. indices rebounded Thursday, led by a 1.3% gain in the Nasdaq as tech stocks rallied and Treasury yields retreated from recent highs.
The Dow Jones Industrial Average added 250 points, recovering from the prior session's losses.
The S&P 500 rose 1% as risk appetite returned.
The Nasdaq Composite gained 1.3%, led by tech strength.
Qualcomm advanced 4%, outpacing peers in the semiconductor sector.
Nvidia shares rose 2% as technology stocks led the market rebound.
Amazon climbed 2% amid broad strength in tech.
Applied Materials rose 2% as chip-related stocks rallied.
Intel added 3%, buoyed by the tech-led recovery.
Caterpillar moved up over 2%, benefiting from the overall market bounce.
U.S. crude fell about 1% to near $100 a barrel on reduced supply disruption fears.
Brent crude dropped roughly 2%, settling around $102.
Microsoft gained 1% as investors rotated back into technology.
U.S. equities staged a recovery Thursday, with the Dow adding 250 points and the Nasdaq climbing 1.3% as investors shook off Wednesday's Fed-induced selloff. Technology shares led the charge, while a decline in the 10-year Treasury yield below 5% and softer oil prices provided a tailwind for broader market sentiment.
Stocks recovered as Treasury yields retreated from the 5% level and oil prices fell, easing concerns that had triggered a sharp selloff following the Federal Reserve's recent rate hike.