NEW YORK, New York - U.S. stocks rebounded Thursday as Producer Prices data offset the stronger CPI fiugure of a day earlier, leading investors to take the view inflation is in fact under cointrol.

Bond prices rose sharply as yields dived. "Equity investors are taking cues from the bond market,"  Jack Ablin, chief investment officer at Cresset Capital told Reuters news agency Thursday.

"Investors were also preparing for kind of an alarmingly high inflation number, based on tariffs," he said.

The Standard and Poor's 500 climbed 63.10 points to finish at 6,115.07, marking an increase of 1.04 percent on a robust trading volume of 2.925 billion shares.

The Dow Jones Industrial Average also advanced, rising 342.87 points to close at 44,711.43, up 0.77 percent on a volume of 507.82 million shares. Meanwhile, the tech-focused NASDAQ Composite led the charge, surging by 295.69 points to settle at 19,945.64, an impressive gain of 1.50 percent on a hefty 7.733 billion shares exchanged.

Market participants remain optimistic as strong trading volumes and positive momentum hint at continued investor confidence heading into the next trading session.

Thursday FX Market Update: Mixed Movements as Key Pairs Shift

Thursday's foreign exchange market saw a major retreat in the value of the U.S. dollar.

The U.S. Dollar Index fell by 0.81 points to 107.13, a drop of 0.75 percent.

The euro strengthened against the U.S. dollar, with the EURUSD pair climbing to 1.0458, up 0.73 percent. This movement reflected renewed optimism in the European outlook despite global uncertainties.

The dollar also lost ground against several key counterparts. The USDJPY pair dropped to 152.77, declining 1.06 percent, as investors turned to the yen amid concerns over US economic policies. Similarly, the USDCAD pair fell to 1.4191, down 0.76 percent, indicating a modest pullback in the greenback's strength against the Canadian dollar.

The British pound continued its upward trajectory against the dollar, with the GBPUSD pair reaching 1.2556, up 0.92 percent, bolstered by positive sentiment surrounding UK economic data. On the safe-haven front, the U.S. dollar weakened against the Swiss franc, as the USDCHF pair settled at 0.9031, down 1.13 percent.

Elsewhere in the Pacific region, the Australian and New Zealand dollars edged higher. The AUDUSD pair rose to 0.6317, up 0.61 percent, while the NZDUSD pair increased to 0.5674, up 0.59 percent. These gains reflected a cautious optimism among investors, balancing risk against opportunities in the region.

Market analysts noted that the day's fluctuations were driven by a complex interplay of economic indicators and geopolitical factors. Traders are advised to keep a close watch on upcoming policy announcements as uncertainties remain a defining feature of the current global economic landscape.