Stocks Rebound, Oil Eases, Bank of Japan Raises Rates
By Juliegrace Brufke | Quincy News Correspondent
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Washington (Quincy News) — Market Recap: U.S. stocks rebounded Thursday as oil prices and Treasury yields fell following Wednesday’s Federal Reserve rate hike. Technology shares led the gains, with the Nasdaq rising 1.7%, the S&P 500 gaining 1.1% and the Dow climbing 0.6%.
The 10-year Treasury yield fell back below 5% to about 4.93%. Oil prices also declined as concerns about disruptions to Saudi supplies eased.
Weekly jobless claims fell by 10,000 to 196,000, the lowest level since mid-July and below expectations. That means fewer people filed for unemployment benefits last week, suggesting layoffs remain relatively low.
Today’s Focus: U.S. stock futures pointed higher Friday morning as oil prices continued to fall. Brent crude traded around $103 a barrel and U.S. crude around $101 as Saudi Arabia worked to restore part of its damaged East-West pipeline and increase shipments through Oman.
The Bank of Japan raised its benchmark interest rate by a quarter point to 1.25% Friday, its highest level in 31 years. The move has little direct impact on U.S. consumers, but changes in Japanese rates can affect the dollar, U.S. Treasury yields and the cost of Japanese goods for American buyers.
Fed Vice Chair for Supervision Michelle Bowman speaks at 9:30 a.m. ET, followed by the Conference Board’s Leading Economic Index at 10 a.m.
ON THE SCHEDULE FOR FRIDAY, SEPTEMBER 18, 2026
-Friday, 9:30 a.m. ET – Fed Vice Chair for Supervision Michelle Bowman speaks
-Friday, 10 a.m. ET – Conference Board Leading Economic Index
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