Nasdaq Hits Record Close as Tech Rally Overpowers Bond Caution — SkimNews
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- Nasdaq closed at a fresh record high as investor attention pivoted to the upcoming corporate earnings season (per Reuters/CNBC)
- Dow, S&P 500, and Nasdaq all rose on a tech rally, with traders looking past bond-market caution and higher yields that had previously weighed on sentiment (per CNBC and Yahoo Finance)
Why it matters: Despite higher yields — a typical headwind for tech valuations — investors prioritized earnings expectations, suggesting near-term corporate results are carrying more weight than macro-rate concerns in this rally.
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