"Treasury Yield Relief Sparks Wall Street Rebound, Boosts Megacap Stocks"

Wall Street rebounded as longer-dated Treasury yields eased, boosting megacap growth stocks. The slide in yields came after hawkish comments from Federal Reserve Chair Jerome Powell had caused a sharp decline in the market. Investors are now looking to key economic data next week for further guidance on the monetary policy path. Megacap stocks like Nvidia, Amazon, and Microsoft led the charge, while healthcare stocks lagged. The market is hopeful for a year-end rally, and upcoming reports on consumer and producer prices as well as retail sales will shape interest rate expectations.