Nasdaq Closes at Record as Tech Rally Defies Rising Treasury Yields
The Nasdaq gained 1.05% to a record close as SpaceX and major tech stocks climbed, even with Treasury yields above 5.3% and services price pressures rising.
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The Nasdaq gained 1.05% to a record close as SpaceX and major tech stocks climbed, even with Treasury yields above 5.3% and services price pressures rising.
The 10-year Treasury yield climbed to 5.347% and the 30-year reached 5.702% as renewed bond selling and rising services prices put the Fed outlook in focus.
Forbes puts Elon Musk's fortune at $1.024 trillion as SpaceX and Tesla shares rally, restoring the wealth milestone first reached after SpaceX's June IPO.
SpaceX rises nearly 6% as its estimated valuation reaches $2.22 trillion, with Morgan Stanley maintaining a $300 target ahead of the next Starship test.
AI optimism keeps Wall Street near records despite Treasury yields at 2002 highs, with record ETF flows and October earnings setting up the next market test.
Cerebras shares rise 6.3% to $177 in premarket trading after Sam Altman reaffirms the OpenAI partnership, following a sharp selloff over Nvidia deployment.
Brent trades near $102.48 a barrel as Aramco CEO Amin Nasser warns that depleted oil stockpiles could take two years to rebuild after Hormuz fully reopens.
OKX and NYSE owner ICE have filed for a tokenized U.S. stock venue covering 63 shares, with full shareholder rights and a 30-day issuer objection window.
The euro fell to a 17-month low against the dollar as Spain set a November election and France’s budget risks compounded inflation and borrowing-cost pressures.
Disney’s reported TV restructuring puts DIS shareholders’ focus on streaming margins, execution costs and cash returns after the October 1 share decline.
Bloomberg Terminal users can now monitor selected Hyperliquid perpetuals across crypto, equities, commodities, currencies and indexes alongside traditional market references.
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