Stocks rise, lifted by falling oil and yields as market attempts comeback after Fed sell-off: Live updates

U.S. equities rallied Thursday as Treasury yields and oil prices retreated, allowing traders to recover ground lost in Wednesday's post-Federal Reserve selloff. The Fed raised its overnight funds rate by a quarter percentage point Wednesday and signaled one additional hike could arrive later this year.

Technology stocks led the advance as benchmark yields pulled back from post-decision highs. The easing in rates and energy prices provided relief after the central bank's hawkish tilt triggered Wednesday's decline.

The quarter-point increase marked the Fed's latest tightening move, with policymakers keeping the door open for further action depending on economic data. Lower oil prices Thursday reduced inflation pressure concerns that had weighed on equities in the prior session.

Treasury yields declined across the curve, easing financial conditions and boosting appetite for growth-oriented shares. The drop in crude futures also supported sentiment by reducing input cost worries for companies navigating margin pressure.