Wall Street seemed to be regaining balance at the end of its biggest retreat in 11 weeks.

U.S. stocks rose, and U.S. Treasury yields fell for the second day in a row, as commodity prices rebounded to help ease concerns about inflation risks.

Energy and technology stocks led the decline in the Standard & Poor’s 500 Index, which fell to its highest level since February on Wednesday. The strong performance of the Nasdaq 100 (Nasdaq 100) outperformed the broader market, indicating that after a week of bruises, the upward pressure on the stock market has intensified and the stock market has strengthened its upward momentum. Both indexes still closed in red this week. Cyclical industries drove European stock markets to rise. MSCI Inc.’s shares in the Asia-Pacific region rose more than 1%.

“People are very optimistic financially,” said Simon Maughan, Liquidnet’s head of Alpha trading. From now to the end of the year, the market is still on an upward trajectory. Obviously, people are very optimistic about suppressed needs. “

At the end of the 11-week maximum decline, the market appeared to be returning to balance, and the current focus was on the benefits of an economic rebound, rather than concerns about the negative impact of inflation.

Cleveland Federal Reserve Chairman Loretta Mester said that the Fed’s policy is currently in good shape and at the same time downplayed the signal shown by the data. She warned that as the economy reopens, the signal will be unstable.

This may help reinvigorate the narrative of choosing value stocks associated with economic growth rather than pandemic reinflation. Walt Disney Co. fell, and the results showed that the growth of the streaming service Disney+ was faltering.

U.S. Treasury bonds have risen after reports showing that U.S. retail sales stagnated in April after rising sharply in the previous month. The U.S. dollar remains weak against its peers in all ten countries.

Mike Loewengart, managing director of investment strategy at E*Trade Financial, said: “The disappointing retail sales figures are not really surprising, because last month, including stimulus funds, hit bank accounts.” “This may support the following view: We The decline experienced this week is a buying opportunity as all industries are moving towards a full recovery.”

In China’s efforts to curb price increases, iron ore continues to fall back from record-breaking declines. Metal prices hit their biggest two-day plunge since 2019. Oil eliminated its previous decline and made up for its weekly decline.

Bitcoin’s transaction price exceeded $50,000, reversing part of the plunge in Tesla’s decision to suspend the use of digital currency purchases.

These are some of the main initiatives in the market:

stock

• The S&P 500 index rose 1.5%, more than any closing gain since March 26, New York time.
• The Nasdaq 100 Index rose 2.2%, more than any closing gain since March 11
• The Dow Jones Industrial Average rose 1.1%
• The MSCI World Index rose 1.6%, more than any closing gain since March 1

currency

• The Bloomberg Dollar Spot Index fell 0.3%, more than any closing loss since May 7
• The euro rose 0.5% against the dollar to $1.2143
• British pound rose 0.3% to 1.4098 US dollars
• The yen rose 0.1% to 109.35 against the dollar

Bond

• The 10-year U.S. Treasury bond yield fell three basis points to 1.63%
• German 10-year government bond yields fell by 1 basis point, more than any closing loss since May 4
• The yield on the UK 10-year government bond fell by four basis points, more than any closing decline since May 4

Commodity

• West Texas Intermediate crude oil rose 2.4%, the highest since May 4
• Gold futures rose 1% to $1,843 per ounce