Global stocks close higher Thursday
Global stock markets rose significantly, with Wall Street experiencing a strong rebound supported by falling oil prices and U.S. Treasury yields, along with robust labor market data, despite the Federal Reserve's decision to raise interest rates for the first time in over three years. The three major indices in the U.S. closed sharply higher, led by the technology sector, particularly the Nasdaq, which saw the largest increase. European, Gulf, and Japanese markets also contributed to the overall positive market performance, helped by declining oil prices and the halt of the bond sell-off, coupled with improved investor confidence and stable interest rates.
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