The Dow added a whopping 564 points on Thursday for its best day since June, as Treasury yields tumbled on hopes that there will be no more interest rate hikes this year. Declining labor costs and a jump in weekly jobless claims contributed to optimism well. The S&P 500 and Nasdaq scored their highest daily percentage gains since April and July, respectively, with the latter jumping triple digits to its fifth consecutive daily win.   

OIL PRICES SNAP 3-DAY LOSING STREAK

Oil prices snapped a three-day losing streak, with the Israel-Hamas war still in focus. December-dated West Texas Intermediate (WTI) crude rose $2.02, or 2.5%, to close at $82.46 a barrel.

Meanwhile, gold prices saw a modest gain, as investors continued to digest the Federal Reserve's decision to leave interest rates unchanged. December-dated gold rose $6.10, or 0.3%, to close at $1,993.60 an ounce for the day.

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