U.S. stocks traded higher on Thursday, trying to snap a two-day losing streak, as interest rates slipped from multiyear highs seen in the previous session.
The Dow Jones Industrials perked 143.15 points to lead off Thursday's trading at 24,940.43, with United Technologies as the best-performing stock in the index.
The S&P 500 restocked 11.2 points to 2,712.53, with energy and telecommunications rising more than 1%.
The NASDAQ recovered 26.66 points to 7,244.89
In corporate news, Chesapeake Energy shares jumped more than 13% after the company reported better-than-expected quarterly earnings. The stock was also the best performer in the S&P 500.
Meanwhile, Roku's stock shed 21% after the streaming company issued weaker-than-expected revenue guidance for the current quarter.
Prices for the benchmark 10-year Treasury note were lower, raising yields to 2.91% from Wednesday's 2.95%. Treasury prices and yields move in opposite directions.
Oil prices gained 32 cents a barrel to $62.00 U.S.
Gold prices slipped $1.10 to $1,331.00 U.S. an ounce.
Source: Baystreet US Market Commentary
(February 22, 2018 - 10:26 AM EST)
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