U.S. equities climbed Thursday as Treasury yields dropped and oil prices retreated, recovering from Wednesday's Fed-induced sell-off. The Dow Jones rose 316.14 points (0.61%) to 51,778.04, the S&P 500 gained 1.14% to 7,637.76, and the Nasdaq Composite jumped 1.69% to 26,418.30. Tech led the gains, with the "Magnificent Seven" stocks driving momentum. Nvidia and Amazon rose over 2% each, while Microsoft added 1.5%.

AI-related names like Qualcomm and Intel surged 2% and 7% respectively. The 10-year Treasury yield fell below 5%, dropping to 4.93%, while U.S. crude slipped to $101.91 per barrel. Oil's decline followed reports Saudi Arabia would increase crude availability to Asian refiners.

Robert Conzo of The Wealth Alliance called the move "relief," noting markets welcomed the Fed's tackle of sticky inflation. However, he warned of potential volatility if Middle East tensions persist and oil remains elevated.