Stocks Recover From Rate Hike Jitters

Stocks rebounded on Thursday after a tumultuous day following the Federal Reserve's first interest rate hike in three years.

The Fed's decision to raise rates was met with market volatility, as investors had been expecting a more dovish stance from the central bank.

However, the Fed's tough talk on inflation sparked concerns of further tightening, causing stock prices to plummet on Wednesday.

But on Thursday, investors seemed to put their worries aside, driven by falling oil prices and ebbing bond yields.

The S&P 500 rose 0.93% to 7,622.01, while the Dow Jones Industrial Average gained 0.45% (+230 points) and the Nasdaq 100 surged 1.59% to 29,404.88.