Stocks rise, lifted by falling oil and yields as market attempts comeback after Fed sell-off: Live updates
Wall Street indices are climbing as markets recover from a sell-off triggered by a Federal Reserve rate hike. The Nasdaq has risen 1.7%, while the Dow, S&P 500, and Bitcoin also show gains. This rebound is supported by easing oil prices and a decline in long-end Treasury yields, providing relief to investors after the central bank's decision to increase rates.
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- β The Nasdaq climbed 1.7% following the Federal Reserve rate hike.
- β The Dow, S&P 500, and Nasdaq are all trending higher after a previous sell-off.
- β Long-end Treasury yields have eased.
- β A Federal Reserve rate hike triggered an initial market sell-off.
What changed
Markets shifted from a Fed-driven sell-off to a rally supported by falling yields and oil prices.
Live updates
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US Stocks Rally as Oil Prices and Treasury Yields Decline
Wall Street indices are climbing as markets recover from a sell-off triggered by a Federal Reserve rate hike. The Nasdaq has risen 1.7%, while the Dow, S&P 500, and Bitcoin also show gains. This rebound is supported by easing oil prices and a decline in long-end Treasury yields, providing relief to investors after the central bank's decision to increase rates.
Why it matters
The Federal Reserve recently raised interest rates, which initially caused a broad market sell-off. Investors typically react negatively to higher rates because they increase borrowing costs and can lower corporate valuations. The current recovery indicates a shift in sentiment as other macroeconomic pressures, like energy costs, subside.
What is confirmed
- The Nasdaq climbed 1.7% following the Federal Reserve rate hike.
- The Dow, S&P 500, and Nasdaq are all trending higher after a previous sell-off.
- Long-end Treasury yields have eased.
- A Federal Reserve rate hike triggered an initial market sell-off.
Still unconfirmed
- Easing oil prices are boosting relief from the Fed rate hike.
What to watch next
- Further movement in long-end Treasury yields
- Official Federal Reserve commentary on future rate trajectories
- Closing percentages for the Dow and S&P 500
confidence 95%Sources used for this update (6)
- CNBC β Stock futures rise after Fed's rate hike spurs a market sell-off: Live updates
- MarketWatch β Stock Market Today: Dow, S&P 500 and Nasdaq set for a climb after selloff driven by Fed rate hike; long-end Treasury yields ease
- Reuters β Wall St opens higher as easing oil prices boost Fed hike relief
- WSJ β Stocks Rally, Shaking Off Fedβs Rate Hike
- CoinDesk β Live updates: Bitcoin edges higher as Nasdaq climbs 1.7% in wake of Fed rate hike
- www.briefs.co β AI Tools Supercharge Blockchain 'Dead Drops' for Malware, Chainalysis Finds
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