Market move● Neutral for Indian equities
US stocks enter seasonally strong Q4 with bond yields, AI spending in focus
The brief
- Rising Treasury yields, elevated valuations and heavy AI spending pose risks to US stocks
- Seasonal strength is a potential support for US stocks in Q4
- Stocks upbeat, dollar wobbles as Fed hike bets recede
- Rising US Treasury yields put pressure on Wall Street’s AI rally
- Nasdaq hits record as weak US jobs data cools rate-hike bets
- US Stock Market Today: Nasdaq Jumps 1%, Dow Up 300 Points As Yields Retreat After Weak Jobs Data
- Rising bond yields, US midterms and earnings challenge stocks’ usual fourth-quarter strength