US stock markets close higher as bond yields ease

US stock markets closed with moderate gains at the start of the new quarter. Major indices, including the S&P 500, the NASDAQ 100, and the NASDAQ Composite, all finished in positive territory despite initial volatility.

Market performance was supported by a relaxation in bond yields, which had previously caused concern regarding the sustainability of high government debt. Additionally, comments from Federal Reserve Vice Chair Philip Jefferson regarding future interest rate considerations provided a stabilizing effect.

The NASDAQ 100 saw gains of approximately 0.31 percent, while the S&P 500 rose by 0.19 percent. NVIDIA remained a central figure in trading activity, recording high volumes across the indices. In related commodity news, oil prices rose significantly, with Brent crude increasing by 4.6 percent.