Nasdaq Near Record as Dow, S&P 500 Rally on Soft Jobs Data — SkimNews
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- Nasdaq closed just below a record high (per MarketWatch) or hit a fresh record (per CNBC), led higher by Nvidia as the major indexes rallied on weaker-than-expected hiring data.
- Bond yields rose alongside the stock gains — a divergence the MarketWatch headline flags explicitly — while the Dow and S&P 500 also climbed, with the Nasdaq leading the advance and WSJ framing the move as 'Nasdaq Leads Stocks Higher as Hiring Softens.'
Why it matters: The soft jobs print eased rate-hike fears and powered a broad three-index rally, but rising bond yields in the same session show the fixed-income market isn't buying the soft-landing trade unreservedly — investors got the labor cooldown they wanted, yet the yield response signals skepticism about how durable the rally is.
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