The Nasdaq jumped more than 1% on the back of falling oil prices and bond yields
The market is trying to recover after the Fed's first rate hike in three years
Photo: X/NYSE
U.S. stocks rose at the start of trading on Thursday, September 17, thanks to a decline in oil prices and yields on U.S. Treasury bonds.
The Nasdaq Composite Index rose 1.6% immediately after the market opened, although the gain slowed to about 1.3% in the minutes that followed. The broad-market S&P 500 Index initially gained 1.3%, then less than 1%. The blue-chip Dow Jones Industrial Average rose 0.9%, then slowed to 0.6%.
Brent crude oil futures fell 2.8% in trading on Thursday, to $102.9 per barrel. U.S. WTI crude oil futures dropped about 2% to $100.5 per barrel.
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