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- The Dow jumped over 500 points while the S&P 500 neared its biggest gain since May.
- Treasury yields fell after weeks of high levels, with the 10-year rate falling over 12 basis points.
- Investors bet that the Fed is finished raising rates after Wednesday's FOMC decision to pause.
US stocks surged on Thursday, as bond yields tumbled for a second day following the Federal Reserve's decision to pause interest rate hikes.
The Dow Jones Industrial Average jumped over 550 points, while the S&P 500 climbed nearly 2%, nearing its biggest gain since May.