Wall Street: After the slump comes the breakout
On Wednesday, the Wall Street reacted with little enthusiasm to the Fed's interest rate hikes. But on Thursday, it took off again - also due to bond yields and oil prices.
US stocks rise on Thursday, rebounding from a previous negative reaction to the Fed meeting. Oil prices, specifically Brent and WTI, decline, while the yield on 10-year US Treasury bonds drops to just under 5%. Saudi Arabia expects to restore about half of its East-West pipeline within days, and additional oil transfers off Oman are also planned.
The stock of Generac surges over 30% after a supply agreement with Amazon's data centers worth up to $8 billion. Meanwhile, Lennar's stock dips slightly due to disappointing earnings and outlook.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
