U.S. Stocks Climb With Oil While Treasuries Fall After Jobs Data

  • Improved U.S. outlook boosts bets on Fed rate-hike path
  • Crude settles at eight-week high after U.S. gasoline data

Reasons Behind the Rally in Equity Markets

U.S. equities rose a second day as crude oil’s recovery underpinned energy share gains. Treasuries dropped after jobs data reignited speculation that the Federal Reserve will raise interest rates this year, damping currency volatility.

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