Wall Street gains as bonds and oil fall
U.S. stock indices rose significantly, with the Nasdaq leading the gains by increasing 1.6%, influenced by the decline in 10-year U.S. Treasury bond yields to below 5% and falling oil prices. This came after hawkish comments from the Federal Reserve Chair regarding inflation risks. The Dow Jones index rose by 0.7%, and the S&P 500 by 1.1%. The positive performance was also supported by a rise in technology stocks such as Nvidia and Amazon, both around 2%, and a 1% increase in Microsoft shares, amid declining bond yields and easing market pressures following expectations of continued inflation.
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