US Stocks Surge Amid Declining Oil Prices and Eased Bond Yields

The US stock market experienced its best day in six weeks on Thursday, thanks to declining oil prices and easing pressure from the bond market.

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%

Brent crude oil prices slid 1% to settle at $104.82, down from nearly $110 earlier in the week due to concerns over the war with Iran

The decline in oil prices helped lower yields in the bond market, reducing some pressure on stocks

Fed officials raised interest rates for the first time in over three years on Wednesday, but their signals may have built confidence that they're committed to controlling inflation at 2%