Stocks rise; Nasdaq closes at record amid oil slide
Nasdaq Composite closed at an all-time high as oil prices fell, easing inflation concerns. Treasury yields finished mixed, with the two-year note at a two-year high and longer-term yields retreating. The U.S. dollar and other FX moved in line with the day’s risk and rates backdrop.
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08:51:07 PM UTC
SquawkNews
By Karen BrettellThe Nasdaq hit a record closing high on Monday, lifted by gains in Advanced Micro Devices and other AI heavyweights, while falling oil prices and long-dated Treasury yields also boosted risk sentiment.Chip stocks rallied, with Intel NASDAQ:INTC and Arm Holdings NASDAQ:ARM surging o…
The Nasdaq closed at a record high on Monday, supported by gains in Advanced Micro Devices and other AI-heavy names, while lower oil prices and long-dated Treasury yields also improved risk appetite. Chip stocks rallied, with Intel NASDAQ:INTC and Arm Holdings NASDAQ:ARM both surging.