Stocks Extend Gains as Treasury Yields Ease and Nvidia Climbs
The S&P 500 moved near its record while the Nasdaq set a fresh high in early trading.
Key takeaways
- The S&P 500 and Nasdaq Composite were higher in early trading.
- The 10-year Treasury yield fell to 5.27%, according to Yahoo Finance.
U.S. stocks extended gains in early trading, with the S&P 500 up 0.64% to 7,823.90 and the Nasdaq Composite up 0.71% to 27,673.49 as of 14:23 UTC. Yahoo Finance reported the S&P was near its record and the Nasdaq had reached a fresh high.
Nvidia shares hit an all-time high, helping lift the Nasdaq, while Treasury yields eased. The 10-year Treasury yield fell to 5.27%, according to Yahoo Finance.
Tech stocks edged higher, with Nvidia, Microsoft and Tesla extending gains. Brent crude traded near $97 a barrel, and Bitcoin rose above $86,000. Markets overwhelmingly expected the Federal Reserve to hold rates steady this month, Yahoo Finance reported.
This article was produced with the help of AI technology. Source: Yahoo Finance
