Key Points
NEW YORK (Reuters) -U.S. stocks rallied on Thursday as robust labor market data offered the latest evidence of U.S. economic strength despite the fact that it could prompt the Federal Reserve hold off on lowering its key policy rate...
All three major U.S. stock indexes closed higher, with a solid rally in tech-related shares favoring the Nasdaq...
A report from the U.S. Labor Department showed initial claims for unemployment benefits slid to their lowest level since Sept. 2022, casting further doubt as to whether the U.S. central bank will cut its Fed funds target rate at the conclusion of its March policy meeting...
U.S. Treasury yields edged higher following the robust jobless claims data, which suggested the Fed could hold off on lowering rates for longer than previously anticipated...
Crude prices climbed after the International Energy Agency (IEA) echoed OPEC in forecasting strong global oil demand this year as geopolitical risks in the Middle East kept supply concerns on the front burner...
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