Nasdaq Soars 2% as Microsoft Leads Post-Fed Rebound
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- Nasdaq soared 2% in a broad recovery from the prior session's Fed-day sell-off, with chip stocks and Microsoft pacing the rally
- Microsoft drove the tech sector higher with a post-earnings rally that lifted equities intraday, while Treasury yields simultaneously hit multiyear highs
Why it matters: Microsoft's post-earnings surge carried outsized weight on the rebound as the single biggest tech heavyweight leading a 2% Nasdaq day. But the Treasury-yield-at-multiyear-highs detail in the WSJ headline shows bond traders aren't buying the equity relief rally — the Fed's hawkish signal still has traction in rates even as stocks cheer.
