Trading Day: Lower oil, yields boost stocks

World markets steadied on Thursday following a Federal Reserve interest rate increase and a drop in oil prices. President Donald Trump may not experience another rate hike during his term, according to a column. Federal Reserve Chair Jerome Powell's successor, Kevin Warsh, took over the role, which pleased the White House. The Bank of England maintained interest rates, but warned rates could rise due to potential war in Iran.

The Bank of Japan plans to raise interest rates to a 31-year high. The SEC announced an exemption for blockchain-based securities trading. The MSCI World index rose 0.7%, Europe and the UK increased around 1%, and Wall Street's Dow, S&P 500, and Nasdaq climbed 0.6%, 1%, and 1.7%, respectively. Sectors like tech and consumer discretionary gained, while energy declined. The US dollar broke a six-day winning streak, and gold surged 2%.