US stock markets closed sharply higher on Thursday, with technology shares leading the rally as investors looked past the Federal Reserve’s latest move on interest rates. The tech-heavy gains helped push major indexes upward in a session marked by volatility.
According to Reuters, Wall Street’s recovery was fueled by a combination of factors: a drop in oil prices, declining yields on US Treasury bonds, and better-than-expected employment figures. Together, these developments gave investors enough confidence to overlook the Fed’s decision to raise interest rates for the first time in over three years—a move originally aimed at curbing persistent inflation.
The rate increase, announced by Federal Reserve Chair Jerome Powell, reflects the central bank’s firm commitment to tackling rising prices, even as the move initially unsettled markets. Despite fears of pressure on the Dow Jones index and other benchmarks, the day’s economic data proved reassuring enough for buyers to return to riskier assets, particularly technology stocks.
This rally follows related market swings covered by Reforma, including a brief 1% slide in the Dow Jones amid persistent inflation concerns and fluctuations in the US dollar’s exchange rate against the Mexican peso, which climbed to $17.24 pesos per dollar.
For the full report from Reforma, read the original article in Spanish.
Original source
Reforma
Read the original: Impulsa sector tecnológico a mercados de EU
English version produced with AI assistance.
Image: David C. Foster, BY-ND 2.0 (via Openverse).