Growth stocks and mega-cap technology names are leading the market higher as U.S. Treasury yields fall from multi-year highs. This move comes the day after a widely expected Federal Reserve rate hike, with investors now seemingly more confident in the central bank's resolve to combat inflation without causing excessive market strain. Contributing to the positive sentiment, a drop in oil prices is easing inflation concerns and further encouraging a risk-on mood across the broader market.
Nasdaq Rallies as Treasury Yields and Oil Prices Retreat