Economic TimesLean R·
US stocks: US market rebounds to close higher as surging Treasury yields recede
US stocks recovered from earlier losses, with the S&P 500 bouncing back after a global bond selloff. The Labor Department reported a dip in weekly initial jobless claims, indicating a solid labor market. Oil prices surged, raising inflation concerns as Brent crude settled significantly higher. Technology shares also showed strength, particularly after Accenture's positive revenue forecast.
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