US stocks rebound as S&P 500 climbs after bond selloff

Market Recovery

US stocks clawed back from early losses, pulling the S&P 500 higher after a global bond selloff. The index’s bounce erased the modest decline seen earlier in the session. Traders cited easing Treasury yields as a cue to re‑enter equities.

Labour Market

The Labor Department said weekly initial jobless claims fell, a sign that the labour market remains strong. Fewer new claims point to continued hiring even as some sectors face cost pressures.

Oil Prices

Oil prices jumped, pushing Brent crude to settle well above the previous close. The surge added fresh inflation worries for policymakers, as higher energy costs can feed consumer prices.

Tech Shares

Technology stocks added to the upside, led by Accenture after the consulting firm posted an upbeat revenue outlook. The positive forecast lifted the sector’s momentum and helped broaden the market gain.

Context

Bond selloffs often pull equities lower, so a quick reversal can signal confidence in corporate earnings. Higher oil prices tend to raise inflation expectations, which can influence interest‑rate decisions. Strong job numbers and encouraging tech earnings provide support for the market’s rally.