Gold hits fresh high and Japanese equities track US higher


Wall Street stocks rose on Thursday, marking a sharp reversal from the previous session as shares in Big Tech companies led the march higher.

The benchmark S&P 500 gauge closed up 0.7 per cent, after a drop of almost 1 per cent on Wednesday triggered by a hotter than expected US inflation reading for March.

The Nasdaq Composite rose 1.7 per cent, more than reversing a 0.8 per cent decline a day earlier.

Large tech companies were among the biggest risers, with Amazon, Alphabet and Microsoft adding 1.7 per cent, 2 per cent and 1.1 per cent respectively. Apple and Nvidia both gained more than 4 per cent.

In government bond markets, the two-year Treasury yield slipped 0.02 percentage points lower to 4.95 per cent, following a heavy sell-off a day earlier.

Articles You May Like

Warren Buffett’s Berkshire Hathaway reveals insurer Chubb as confidential stock it’s been buying
Google releases ‘Project Astra’ assistant in latest AI advance
US stocks close lower to end multi-day rally
Insurance battles over UK Covid lockdowns rage on in courts
America is pulling up the drawbridge