Market Shrugs Off Fed Rate Hike: Tech Leads Rebound as Yields and Oil Drop

U.S. stocks rallied on Thursday, erasing the prior day's losses triggered by the Federal Reserve's quarter-percentage-point interest rate increase. The market experienced a "relief rally" as investors processed the Fed's proactive stance on sticky inflation. Gains were heavily supported by a technology sector surge (led by Nvidia, Amazon, and Intel), a decline in the 10-year Treasury yield back below 5%, and easing oil prices following a boost in Saudi crude supply allocations to Asian refiners. However, money managers caution that the ongoing Middle East conflict and volatile energy prices still pose a risk of structural inflation and further market turbulence.

Tech carried the rebound today. Buying the dip or rotating to energy?

Source: [CNBC](https://www.cnbc.com/2026/09/16/stock-market-today-live-updates.html)