Wall Street Completes V-Shaped Rally As Bond Yields Soften

Wall Street has turned it around in the latter half of the week, despite softer-than-expected retail sales data. Lower bond yields are helping fuel the fire, with the 10-year Treasury note shedding 3 basis points to 4.24% and the 2-year falling to 4.56%. The Dow scored an impressive 348-point win, while the S&P 500 reclaimed the 5,000 level, and the Nasdaq recorded a modest win. All three major indexes have now fully recouped the losses from Tuesday's sharp drawdown. 






Oil prices snapped back to positive territory Thursday, after supply anxieties tied to the Middle East. For the session, March-dated West Texas Intermediate Crude (WTI) added $1.39, or 1.8%, to finish at $78.03 per barrel.

Lower Treasury yields and soft U.S. economic data pushed gold prices lower, with April-dated bullion lost $10.60, or 0.5%, to settle at $2,014.90 for the session.

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