Nasdaq Slides 0.8% as 10-Year Yield Hits 5.15%, Highest Since 2007
IXIC sits 29% above its 52-week low of $20,690.249.
Summary
The Nasdaq is down 0.8% to 26,726.41, extending yesterday's pullback from Tuesday's record close. The 10-year Treasury yield has climbed to 5.150%, its highest since July 2007, and the 30-year yield is at its highest since 2004, pressuring growth stocks. Crude oil is surging 4% after conflicting UN speeches by Trump and Pezeshkian, with Trump threatening to 'annihilate' Iran. Semiconductor stocks are down 1.8%, and gold miners are off 2.7%. Traders are watching the Trump-Xi meeting later today for trade and AI developments.
At the time of this announcement, IXIC was trading at $26,720.12 on NASDAQ in the Technology sector. The 52-week trading range was $20,690.25 to $27,288.79. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: dpa-AFX.