10-year Treasury yield eases, oil falls to $100: AlphaCheck

Good morning. The stock market saw a rebound on Thursday as oil prices dropped and bond yields eased following the Federal Reserve's first interest rate hike since 2023. Investors had anticipated a 25 basis point increase in interest rates on Wednesday, with expectations of a second hike this year. The 10-year Treasury yield fell by 5 basis points to near 4.96%, while Brent crude futures fell to $102 per barrel and West Texas Intermediate traded around $100.

Tech stocks led the market, with NVDA shares rising more than 2%. Other notable gainers included Amazon and Microsoft. Bitcoin also saw a 1% increase, holding above $76,000, while gold maintained its steady position above $4,400. Stocks such as Nebius, Arm Holdings, and CoreWeave are currently of interest to Yahoo Finance readers. For the latest stock market news and analysis, including events that impact stocks, click here.