The S&P 500 rose on Thursday as oil prices declined and traders digested more inflation data as well as a slew of fresh earnings reports.
The Dow Jones Industrials recovered 237.01 points to start Thursday at 54,007.28.
The much-broader index advanced 61.34 points to 7,809.84
The NASDAQ Composite leaped 254.35 points, or 1%, to 26,842.84, boosted by gains in Meta Platforms, Microsoft and Netflix.
Cisco Systems was a key laggard of the day, falling 9% after the company’s latest quarterly results failed to impress investors. Cerebras and Coherent also moved lower after their earnings updates, with the former plummeting 13% and the latter dropping 3%.
Prices for the 10-year Treasury popped, making yields plunge to 4.61% from Wednesday’s 4.69%. Treasury prices and yields move in opposite directions.
Oil prices weakened $3.08 to $80.19 U.S. a barrel.
Gold prices dwindled $42.40 to $4,425.10 U.S. an ounce.
