US Stocks Rebound on Falling Oil Prices and Easing Bond Market Pressure

The US stock market is recovering from its losses this week, thanks to falling oil prices and easing pressure from the bond market. The S&P 500 climbed 1.1% on Thursday, while the Dow Jones Industrial Average rose 0.7%. The Nasdaq composite was up 1.6%.

The Australian sharemarket is also expected to rise, with futures pointing to a gain of 57 points or 0.7% at the open. The ASX added 0.4% on Thursday.

Brent crude oil prices fell 1% to $104.79 per barrel, down from nearly $110 earlier in the week due to concerns about the Iran war and its impact on global oil supplies.