NEW YORK (AP) — Wall Street rallied after falling oil prices and yields in the bond market eased the pressure on U.S. stocks. The S&P 500 rose 0.4% Thursday for its 10th gain in the last 11 days, a day after dropping from its all-time high. The Dow Jones Industrial Average soared 1.7% to a record, and the Nasdaq composite slipped 0.1%. Banks and small companies helped lead the way after oil prices fell close to 3% and Treasury yields dipped. They more than made up for weakness among some influential AI stocks, which sank despite a strong profit report from Broadcom.
THIS IS A BREAKING NEWS UPDATE. AP's earlier story follows below.
NEW YORK (AP) — Wall Street is rallying Thursday after falling oil prices and yields in the bond market eased the pressure on U.S. stocks.
