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BusinessBusiness Insider7h ago

Investors shrug off a fresh surge in bond yields to push the Nasdaq to a record high

The Nasdaq Composite rose to an all-time-high as traders shrugged off higher yields and took in lower oil prices and AI optimism.

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AI SUMMARY

# Nasdaq Hits Record High Despite Rising Bond Yields The Nasdaq Composite reached an all-time high as investors overlooked elevated bond yields, buoyed by declining oil prices and sustained enthusiasm for artificial intelligence stocks. The market's resilience suggests that AI-related gains and lower energy costs are currently outweighing concerns about higher borrowing costs that typically pressure equity valuations.

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Content sourced from Business Insider. Not financial advice.