Global Bond Selloff Hits Stocks as 30-Year Yield Spikes to 5.44%
NDX sits 33% above its 52-week low of $22,841.417 on light trading volume (0.1× avg).
Summary
The 30-year Treasury yield surged to 5.444%, its highest since 2004, while the 10-year hovers near a 19-year high, pressuring global equities. Nasdaq-100 futures are down about 1% as growth stocks bear the brunt of valuation concerns. Brent crude trades near $100 a barrel, adding to inflation worries. Traders are also watching the Trump-Xi summit after the US-China trade truce was extended to mid-January, avoiding November tariff hikes.
At the time of this announcement, NDX was trading at $30,274.64 on NASDAQ in the Technology sector. The 52-week trading range was $22,841.42 to $30,770.63. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.