Tech Stocks Lead Wall Street Rebound Amid Oil Price Stabilization

Wall Street rebounded on Thursday following a decline in oil prices and US Treasury yields.

This uptick marked a recovery from the Federal Reserve's recent interest rate hike, its first in over three years.

The market optimism was fueled by a broad-based rally led by technology stocks, which drove all major US stock indexes higher, with Nasdaq at the forefront.

Crude prices also played a role in this turnaround, moderating after supply fears diminished thanks to the movement of Saudi oil through Oman.