New York Stock Exchange Rebounds Across the Board as Interest Rate Hike Resolves Uncertainty

Here is the New York stock market.

The three major U.S. stock indices rebounded across the board after four trading days.

In particular, the Nasdaq and S&P 500 indices rose by more than 1%.

By sector, technology stocks rose by more than 2%, while materials and consumer discretionary stocks gained over 1% each.

The main drivers behind the simultaneous rebound in the New York stock market today were the concurrent decline in U.S. Treasury yields and international oil prices, along with a sense of relief regarding robust economic momentum.

The market staged a relief rally, interpreting the Federal Reserve's rate hike as the resolution of uncertainty and a commitment to controlling inflation.

In addition, concerns over oil supply disruptions in Saudi Arabia eased, causing crude oil prices to fall for the second consecutive day.

Both Brent crude and West Texas Intermediate closed lower, raising expectations that the drop in oil prices would alleviate inflationary pressure.

The bond market also breathed a sigh of relief as the yield on the 10-year U.S. Treasury turned downward for the first time in eight trading days, recording 4.93%, which is below the 5% mark.

Meanwhile, the number of initial jobless claims in the U.S. released overnight came in at 196,000, falling below expectations and proving that the labor market remains robust.

However, the market projected that a solid economy would firmly support corporate earnings.

Among individual stocks, major tech shares such as NVIDIA and Amazon rose by more than 2%, leading a broad-based rally across the indices.

Tomorrow is the so-called "triple witching day," when the maturities of three derivative products—stock index futures, stock index options, and stock options—converge, requiring preparation for increased market volatility.
※ Please note: This article was translated by AI and may contain errors.