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(Bloomberg) U.S. stocks gained as investors weighed economic resilience against the threats of rising rates and the impact of the war in Ukraine. The S&P 500 advanced, clawing back Wednesday’s losses as all the 11 main industry groups rose. The tech-heavy Nasdaq 100 gained the most among major benchmarks, climbing 2.2%. Treasuries resumed their slide, with the 10-year benchmark yield rising as much as 10 basis points to 2.39%. Oil fell about 3% in New York, while Bitcoin climbed to a three-week high. While bonds have suffered unprecedented losses globally, shares have rallied to levels seen before the start of the war in Ukraine. Data Thursday showed applications for U.S. state unemployment insurance fell last week to the lowest since 1969, while a measure for business activity advanced to an eight-month high in early March as fewer Covid-19 restrictions and less severe supply chain disruptions supported demand and production. Investors are selling bonds as Federal Reserve official

New yorkUnited statesUnited kingdomBruxelles capitaleChris gaffneyJerome powellChris zaccarelliFiona cincottaCharles evansAdvisor allianceMoscow exchangeFederal reserveData thursdayChair jerome powellFed president charles evansHigher treasury yields rippling through funding