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US stocks rise as bond yields fall
U.S. stock indices saw a rebound at the end of Thursday's trading session, with the Dow Jones Industrial Average closing slightly higher at around 50,926 points. The S&P 500 rose to 7,666 points, and the Nasdaq increased to 26,871 points. U.S. 2-year Treasury bond yields declined by about 10 basis points, marking the largest one-day drop since August 2025, after comments from the Federal Reserve Vice Chair fueled optimism in the markets about pausing interest rate hikes. As a result, the market's expectations for a rate increase in October dropped to 28.2%, from 68.6% a week earlier. The energy sector led the performance with a 1.9% gain, supported by Brent crude oil prices rising more than $4 after China announced a temporary suspension of oil product exports. The technology sector also performed well, buoyed by strong revenue forecasts from companies such as Accenture and Microsoft.
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