US stocks open higher while oil prices continue to climb
AgenciesStocks rose in morning trading Thursday on Wall Street as bond yields eased further even as oil prices marched higher as the US war with Iran escalates.The S&P 500 was up 0...
US stocks opened higher on Thursday in Wall Street's morning trading as bond yields eased further, despite rising oil prices. The S&P 500 increased by 0.5%, the Dow Jones Industrial Average gained 340 points (0.6%), and the Nasdaq composite climbed 0.7%. These indexes had previously recovered from a three-day decline.
Nvidia experienced a 1.9% surge after announcing its acquisition of the artificial intelligence platform Hugging Face for $13 billion. Oil prices initially dipped but later rose as the six-month US-Iran conflict intensified. Iran attacked Kuwait in retaliation for US bombardments earlier in the week. The ongoing fighting, following the US strike on Iranian rocket launchers in the Strait of Hormuz, caused crude prices to soar 11% this week. Brent crude climbed 0.6% to $96.23 per barrel, while US crude rose 1.2% to $92.12 a barrel.
The surge in oil prices contributed to inflationary pressures and intensified a bond-market sell-off. However, bond yields have shown signs of stabilizing. The 10-year Treasury yield fell to 4.75% from 4.79% late Wednesday, while the 2-year Treasury yield dropped to 4.32% from 4.39%. Despite these improvements, both yields remain significantly higher than their levels at the start of 2026.
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