S&P 500, Nasdaq Rise; Dow Slips as Yields Rise — SkimNews
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- S&P 500 and Nasdaq closed higher Monday as technology stocks surged, even though investors still feared the AI trade’s nightmare scenario was far from over.
- Dow slipped as yields rose, making it the only one of the three major indexes to close lower.
Why it matters: The tech rebound handed Nasdaq and S&P 500 investors gains in two of the three major indexes, even as rising yields left the Dow lower. The split did not settle the broader concern: investors were still buying Monday while explicitly fearing that the AI trade’s nightmare scenario was far from over.
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