Equity markets rebounded on Thursday, supported by declining oil prices and easing bond yields following the Federal Reserve’s first interest rate increase since 2023.
Market participants had widely anticipated a 25 basis point rate hike on Wednesday, and central bankers are now projecting an additional increase later this year.
The 10-year Treasury (^TNX) yield decreased by 5 basis points on Thursday, hovering near 4.96%. Meanwhile, Brent crude futures (BZ=F) fell to $102 per barrel, with West Texas Intermediate (CL=F) trading near the $100 mark.
The following snapshot reflects market activity during the initial minutes of trading, utilizing a heat map powered by Yahoo Finance AlphaSpace data.
Technology stocks (XLK) advanced as leading chipmaker NVIDIA (NVDA) surged over 2%. E-commerce giant Amazon (AMZN) and software provider Microsoft (MSFT) also posted gains.
Bitcoin (BTC-USD) rose approximately 1%, maintaining its position above $76,000, while gold (GC=F) remained steady above $4,400.
Other notable stocks drawing reader attention this morning include Nebius (NBIS), Arm Holdings (ARM), and CoreWeave (CRWV).
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