Most major indices in global stock markets closed the latest trading session higher, APA-Economics reports.
In the United States, the Dow Jones index rose by 316.14 points, or 0.61%, to 51,778.04 points, the S&P 500 gained 85.95 points, or 1.14%, to reach 7,637.76 points, while the Nasdaq Composite increased by 439.87 points, or 1.69%, to 26,418.30 points. The NYSE Composite rose by 0.65% to 24,089.55 points, while Canada's S&P/TSX Composite index gained 1.08% to reach 35,874.26 points.
All major indices also advanced in Europe. The Euro Stoxx 50 rose by 0.90% to 6,322.90 points, the UK's FTSE 100 gained 1.19% to reach 10,816.14 points, and Germany's DAX increased by 0.70% to 25,716.71 points. France's CAC 40 rose by 0.57%, while Spain's IBEX 35 gained 1%.
Mixed performance was recorded in the Asia-Pacific region. Japan's Nikkei 225 index rose by 0.82% to 64,662.11 points, while the TOPIX declined by 0.44% to 4,076.38 points. Hong Kong's Hang Seng and China's CSI 300 indices both gained 0.64%. Australia's S&P/ASX 200 index fell by 0.12%.
The overall positive market trend is attributed to a second consecutive day of declining oil prices and falling US Treasury yields. Following the Federal Reserve's decision to raise interest rates by 25 basis points, investors continued to digest the decision, while lower oil prices somewhat eased inflation concerns.
Technology stocks provided particular support for gains in the United States. In Europe, falling oil prices and stabilizing bond yields pushed indices higher. In Asia, investors' attention turned to the Bank of Japan's interest rate decision.