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Stock markets bounce back as oil prices and bond yields drop

Reported by Aakash Bora (Staff Writer) · Google News - USA Business ·

✓ — also reported by Livemint - Markets

Stock markets bounce back as oil prices and bond yields dropRepresentative image · Wikimedia Commons

Stock markets jumped higher, recovering from a recent sell-off caused by the Federal Reserve. The S&P 500 and the Nasdaq posted their biggest gains in six weeks during this tech-driven rally. The S&P 500 rose by one percent, which helped break its recent losing streak. At the same time, oil prices and bond yields went down, giving relief to the market. Dow Jones futures showed the S&P 500 and Nasdaq moving back above key levels. Specific companies like Moderna, AMD, and SpaceX also showed buy signals during this trading session.

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