Nasdaq Set to Close at Record as Treasury Yields Hit Multidecade Highs
Tom Rudovsky · Reported by Dow Jones Newswires
More coverage: Technology
Sentiment
Positive
Importance
7
Price
$27,480.256
Mkt Cap
0
52W Low
$20,690.249
52W High
$27,484.632
52W Position
33% above low
Off High
at 52W high
Rel. Volume
0.6× avg
Market data snapshot near publication time
IXIC sits 33% above its 52-week low of $20,690.249.
Summary
The Nasdaq is leading stock indexes and poised to close at a record high, with Nvidia also in line for a record. Treasury yields are climbing, with the 10-year near fresh multidecade highs. This follows the weak September jobs report on October 2, which lowered rate-hike odds and supported tech. The record close would confirm the index's recovery from the September oil-driven selloff.
At the time of this announcement, IXIC was trading at $27,480.26 on NASDAQ in the Technology sector. The 52-week trading range was $20,690.25 to $27,484.63. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.