US stocks rise as Treasury yields fall
On Thursday, US stocks closed higher following a decline in US Treasury bond yields, which had reached their highest levels in 24 years. This led to an improvement in the S&P 500 and Nasdaq indices, boosting market optimism. The gains came after economic data showed a decrease in unemployment benefit claims and a strengthening labor market. Additionally, oil prices continued to rise, especially after China stopped fuel exports, which propelled the energy sector to perform strongly. The technology sector also supported the market through positive revenue growth expectations. Furthermore, expectations of Federal Reserve interest rate hikes eased slightly due to lower-than-expected inflation data.
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