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The Economic Times
The Economic Times
Business

US stocks today: US stocks rise as oil prices ease pressure after Fed rate hike

US Federal Reserve United States Oil the Federal Reserve Chris Zaccarelli

US stocks climbed on Thursday as a retreat in oil prices offered some relief to investors a day after the Federal Reserve raised interest rates. The move also eased pressure from rising Treasury yields, while technology stocks regained ground, according to Reuters.

The Dow Jones Industrial Average rose 316.08 points, or 0.59%, to 51,763.46, while the S&P 500 gained 71.28 points, or 0.94%, to 7,623.09. The Nasdaq Composite added 321.49 points, or 1.25%, to 26,302.28.

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