Nasdaq Slides 0.92% as 10-Year Yield Hits 5.24%, Highest Since 2007
IXIC sits 30% above its 52-week low of $20,690.249.
Summary
The Nasdaq fell 0.92% to 26,820.38 as Treasury yields surged to multiyear highs, with the 10-year hitting 5.241% — a level not seen since 2007. The selloff was compounded by a setback in Middle East peace talks after President Trump rejected an Iranian ceasefire proposal, briefly spiking oil before it settled up 0.9% at $105.28. This is the first session of the week and follows a period of elevated volatility tied to geopolitical tensions and Fed policy. The move is broad-based, with the S&P 500 down 0.77% and Dow off 0.67%, indicating macro-driven pressure rather than company-specific news. Traders will watch whether yields continue to climb and whether oil re-escalates, as both are key drivers for tech-heavy indexes.
At the time of this announcement, IXIC was trading at $26,820.38 on NASDAQ in the Finance 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 8 out of 10. Source: Dow Jones Newswires.