Commodities
US Stocks Bounce Back on Falling Oil Prices and Easing Bond Market Pressure
US stocks rebounded on Thursday as oil prices fell and pressure from the bond market eased.
The S&P 500 jumped 1% after a volatile week, while the Dow Jones Industrial Average rose 306 points, or 0.6%, and the Nasdaq composite was 1.3% higher.
The price of Brent crude oil slid 3% to $102.70, down from nearly $110 earlier in the week due to concerns over the war with Iran.
This decrease helped lower yields in the bond market, which in turn removed some pressure on stocks.