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Commodities

Stocks Soar as Oil Prices Fall and Bond Market Pressure Eases

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Oil
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The US stock market experienced its best day in six weeks on Thursday as oil prices fell and pressure from the bond market eased.

The S&P 500 rose 1.1%, the Dow Jones Industrial Average added 316 points or 0.6%, and the Nasdaq composite climbed 1.7%.

The price of Brent crude oil dropped 1% to settle at $104.82, down from nearly $110 earlier in the week due to concerns over the war with Iran.

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