NASDAQ, S&P 500, Dow Jones advance as tech shares rally; oil and bond yields ease

The Wall Street ended in green on Thursday, September 17, due to declining oil prices and Treasury yields a day after the Federal Reserve hiked interest rates for the first time in three years.

The Dow Jones Industrial Average advanced 0.61% to end at 51,778.04, while the S&P 500 gained 1.14% to 7,637.76. The NASDAQ Composite surged 1.69% to 24,418.30.

Nvidia Corporation gained 2.54%, while Amazon.com Inc, Microsoft Corporation, Apple Inc, Alphabet also rose 2.12%, 1.52%, 1.38%, and 1.30%, respectively.

Intel, Advanced Micro Devices, SanDisk Corporation, Micron Technology, Super Micro Computer Inc, Qualcomm, Hewlett Packard Enterprise, Moderna, Generic Holdings, Astera Labs, Caterpillar Inc, Cisco Systems and The Goldman Sachs Group also closed in the positive territory.

"Economic activity is expanding at a solid pace. While uncertainty remains elevated owing, in part, to geopolitical developments, domestic spending has been resilient. Productivity growth is strong, and capital investment is robust. Job gains have kept pace with the workforce, and the unemployment rate has changed little," the US Fed said in a statement.

"Inflation remains elevated. Today's policy action will support a timelier return to the Committee's 2% goal. The Committee will deliver price stability," it added.

Brent Crude, the international standard, fell 0.77% to $104.01 a barrel. The West Texas Intermediate declined 0.92% to $100.97 per barrel.