US Stocks Rebound as Jobless Claims Ease Recession Fears

US stocks significantly rebounded, and bond yields climbed after new data showed a decrease in jobless claims, easing worries about a severe economic downturn. Market anxieties lessened as the latest labor market figures indicated a strong economy despite recent concerns that the Federal Reserve`s interest rate hikes might be hindering a "soft landing." While some analysts see this as a positive sign for a potential rate cut in September, others remain cautious, emphasizing the need to observe upcoming inflation data for a clearer picture of the economic outlook.