Market move● Neutral for Indian equities
Nasdaq reaches record as megacap tech gains lift US stocks
The brief
- The Nasdaq Composite hit a record high as megacap technology stocks rose
- The S&P 500 also gained ground despite elevated Treasury yields
- Higher oil prices and bond yields narrow Wall Street’s stock rally
- 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