Nasdaq Jumps 2% as Microsoft, Chips Lead Rebound
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- Nasdaq soared 2% in a rebound from the prior "Fed day" sell-off, led by chip stocks and Microsoft, with the Dow and S&P 500 also recovering.
- 30-year Treasury yield hit a 19-year peak even as the equity rally pushed bond yields higher, per Reuters and Yahoo Finance.
Why it matters: The 2% Nasdaq surge, led by chip stocks and Microsoft, outpaced the Dow and S&P 500's rebound — concentrated tech demand rather than a broad rally. Reuters and Yahoo Finance surfaced the counterpoint: the 30-year Treasury yield hitting a 19-year peak alongside rising yields is a simultaneous move higher in borrowing costs that complicates the risk-on narrative.
