The Aporia
Lin, L., & Miller, A. (2026, September 17). Live: ASX eyes gains as Wall Street rallies. ABC News (AU). https://www.abc.net.au/news/2026-09-18/asx-markets-business-news-live-updates-wall-st-rebounds/107160122
Lin, Lin, and Adelaide Miller. “Live: ASX eyes gains as Wall Street rallies.” ABC News (AU), 17 Sept. 2026, https://www.abc.net.au/news/2026-09-18/asx-markets-business-news-live-updates-wall-st-rebounds/107160122.
Lin, Lin, and Adelaide Miller. “Live: ASX eyes gains as Wall Street rallies.” ABC News (AU), September 17, 2026. https://www.abc.net.au/news/2026-09-18/asx-markets-business-news-live-updates-wall-st-rebounds/107160122.
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On Thursday, U.S. stock markets rallied sharply after the Federal Reserve raised interest rates for the first time in three years to combat rising inflation. The S&P 500 and Nasdaq surged by 1.2% and 1.6% respectively, while the Dow Jones Industrial Average climbed 450 points, or about 0.9%. Meanwhile, bond yields fell as oil prices dropped for a second consecutive day; U.S. crude briefly dipped below $100 per barrel for the first time since September 11. This drop in oil prices contributed to reduced economic concerns and alleviated pressure on stocks and bonds globally. Additionally, initial claims for unemployment benefits declined to their lowest level since July, further boosting market sentiment despite potential volatility due to a short holiday week.