US stocks opened higher on Thursday, with major indexes set to mark a turnaround from a disappointing week.
The S&P 500 has notched four straight losses, which is the longest losing streak for the benchmark so far in 2023. From Friday to Wednesday, the S&P 500 declined nearly 4%. Investor worry over potentially higher interest rates in the US fueled the downward trajectory for Wall Street, and Wednesday's release of minutes from the last FOMC meeting did little to ease those concerns.
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Stock market news today: S&P 500 suffers as bond yields spike upDow dives 697 points as bond yields jump on concerns the Fed will keep raising rates Go and improve 'quality of life.' I don't care how rich you are.
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Stock market rebound: S&P 500 could jump more than 12%, strategist saysThe S&P 500 could jump more than 12% if lower inflation allows the Fed to ease, stock strategist says The Fed is intent on inducing a recession.
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