U.S. equity indexes posted broad gains, with the Dow Jones Industrial Average advancing 0.58%, the S&P 500 climbing 1.05% and the Nasdaq Composite edging up 1.64%, driven primarily by strength in technology shares.
The rally unfolded as crude oil prices breached the $103 per barrel mark, while market participants reacted to a recent Federal Reserve rate hike that pushed Treasury yields higher across the board.
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Analysts noted that the combination of higher energy costs and tighter monetary policy created a mixed backdrop, yet the market’s upward trajectory highlighted continued investor appetite for growth‑oriented stocks.
