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The Economic Times
The Economic Times

US stocks today: US stocks rebound as tech rally gains momentum on easing oil, yields

United States US Federal Reserve Oil the Federal Reserve Kevin Warsh Ross Mayfield Economy Inflation Interest Rates

US stocks bounced back sharply on Thursday, with technology shares leading a broad rally as easing oil prices and lower Treasury yields offered investors some relief after the Federal Reserve raised interest rates for the first time in more than three years, Reuters reports.

S&P 500 gained 86.09 points, or 1.14%, to end at 7,637.90, while the Nasdaq Composite rose 432.07 points, or 1.66%, to 26,410.50. The Dow Jones Industrial Average added 319.73 points, or 0.61%, to 51,774.38.

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