William Watts is MarketWatch markets editor. In addition to managing markets coverage, he writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. During his time at MarketWatch, Watts has served in key roles in the Frankfurt, London, New York and Washington, D.C.
Stocks soared Thursday as Treasury yields retreated after the Federal Reserve a day earlier signaled a wait-and-see approach on further rate hikes. The Dow Jones Industrial Average DJIA, +1.70% surged 565 points, or 1.
7%, to close near 33,839, according to preliminary figures. The S&P 500 SPX, +1.89% advanced 1.9%, for its biggest one-day gains since April 27, according to FactSet, while the Nasdaq Composite COMP, +1.78% jumped 1.8%.
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