- US stocks rose sharply after opening on September 17 amid easing inflation worries
- Nasdaq Composite gained 1.44%, reaching 26,353.61 by 9:31 am ET
- S&P 500 increased 1.06%, closing at 7,632.46 in early trading
US stocks rallied after the opening bell on Thursday, September 17 as oil prices extended its decline, easing inflation concerns a day after the Federal Reserve raised interest rates.
Nasdaq Composite advanced 1.44% or 375 points to 26,353.61, S&P 500 rose 1.06% or 80 points to 7,632.46, while Dow Jones climbed 0.8% or 412 points to 51,873.9 by 9:31 am ET or 7:01 pm IST.
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Brent crude extended its decline on Thursday, slipping below $105 a barrel as signs of easing supply disruptions in the Middle East reduced some of the risk premium built into oil prices. West Texas Intermediate crude also weakened, trading near $101 a barrel, after both benchmarks fell sharply in the previous session.
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