Commodities
US Stocks Soar as Oil Prices and Bond Yields Ease
The US stock market saw its best day in six weeks on Thursday after oil prices and bond yields eased, providing relief to Wall Street.
The S&P 500 jumped 1.1% for just its second rise in the last nine days, while the Dow Jones Industrial Average added 316 points, or 0.6%, and the Nasdaq composite climbed 1.7%.
The price of Brent crude oil fell 1% to settle at $104.82, down from nearly $110 earlier in the week due to concerns over the Iran war affecting global oil supply.