US stocks rally as Nasdaq hits record high, chips lead gains
US stocks rallied on Monday, pushing the Nasdaq to a record closing high, as a surge in chipmakers, a drop in oil prices and easing Treasury yields boosted investor sentiment.
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WTI Crude Oil futures rallied 8% as 10-Year yields hit 4.60%.
Todd Colvin discusses the recent upward movement in 10-Year note yields, which climbed above 4.60% for the first time since late May. This shift follows an 8% weekend rally in WTI Crude Oil futures amid escalating tensions between the U.S. and Iran, driving inflation expectations higher. Colvin also highlights recent c