Market move● Neutral for Indian equities
Dow Jones recovers over 400 points from lows, Nasdaq hits new record as investors look past high yields
The brief
- Dow Jones recovered over 400 points from lows; Nasdaq hit a new record
- Morgan Stanley said lower US valuations left some areas looking attractive
- 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