"The Russell 2000 finished Thursday at 2,799, up 2.2%, while the S&P 500 closed above the 7200 level for the first time at 7,209, up 1.02%, marking the best month for the index since 2020."
"For the first time in what seems like forever, yields were lower across the entire Treasury curve, as investors were lured by higher yields that jumped this week."
"The 30-year long bond finished the session at 4.97%, while the benchmark 10-year note closed Thursday at 4.37%, reflecting a shift in investor sentiment towards U.S. debt."
Major indices experienced a significant surge on Thursday, closing in the green after a flat-to-down Wednesday. Key factors included strong earnings from the Magnificent 7, falling oil prices, and a drop in unemployment claims to the lowest level since 1969. The Russell 2000 led with a 2.2% increase, while the S&P 500 surpassed 7200 for the first time, marking its best month since 2020. Treasury yields fell across the curve as investors sought higher returns, and oil production challenges persisted despite calls for increased output.
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