美国股市

Wall Street stocks bounce back after inflation scare

Sharp price rises take shine off equities rally and stoke concerns over central banks’ next moves

Wall Street stocks recovered on Thursday, after being pushed lower for three consecutive sessions by fears that central banks will withdraw crisis-era support following a surge in inflation.

The S&P 500 index rose 1.2 per cent in New York, led by financial and industrial stocks sensitive to the trajectory of the economy. The gains followed a 2.1 per cent fall on Wednesday, the index’s worst one-day performance since February. The technology focused Nasdaq Composite rose 0.7 per cent, having neared correction territory on Wednesday when it closed almost 8 per cent below its record high in April.

US government debt rallied, with the yield on the benchmark 10-year Treasury sliding 0.04 percentage points to 1.65 per cent.

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