Equities rebound to close higher as surging Treasury yields recede

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1. 1h ago

   US Equities Close Higher as Treasury Yields Pull Back

   US equities rebounded to close higher on Thursday, reversing early losses as surging Treasury yields receded from multi-decade highs. The Dow, S&P 500, and Nasdaq all ended the session in positive territory, supported by a rally in chip stocks and gains in both the energy and technology sectors. The S&P 500 bounced back from a two-week low. Meanwhile, global shares traded mixed as lingering market optimism regarding artificial intelligence was tempered by ongoing worries surrounding Iran.

   Why it matters

   The rebound followed a sharp global bond selloff that had pushed the 10-year US Treasury yield to its highest level since 2002. Yields retreated as investors returned to the market and expectations for near-term monetary policy tightening by the Federal Reserve in October declined.

   What is confirmed

   • US stocks recovered from early losses to close higher on Thursday, with the S&P 500 bouncing from a two-week low.
   • The 10-year US Treasury yield had earlier reached its highest level since 2002 before falling back.
   • The Dow Jones Industrial Average, S&P 500, and Nasdaq all ended the session higher.
   • Global shares traded mixed as market optimism about artificial intelligence was tempered by Iran worries.

   Still unconfirmed

   • Micron earnings crushed market views.

   What to watch next

   • Further movements in US Treasury yields and their impact on major indices
   • Upcoming macroeconomic data releases affecting Federal Reserve policy tightening bets
   Sources used for this update (13)

   1. Investor's Business Daily — Dow Jones Futures: Micron Earnings Crush Views, S&P 500 At Critical Level As Treasury Yields Rise
   2. AP News — Global shares are trading mixed as market optimism about AI gets tempered by Iran worries
   3. Yahoo Finance — Equities rebound to close higher as surging Treasury yields recede
   4. MarketWatch — Dow, S&P 500 and Nasdaq end higher as chip stocks rally
   5. Investopedia — 5 Things to Know Before the Stock Market Opens on Thursday
   6. ca.marketscreener.com — Yields fall after US 10-year hits highest since 2002; US stocks inch up | MarketScreener Canada
   7. economictimes.indiatimes.com — US stocks: US market rebounds to close higher as surging Treasury yields recede
   8. www.straitstimes.com — US equities rebound as Treasury yields recede | The Straits Times
   9. www.marketscreener.com — Equities rebound to close higher as surging Treasury yields recede | MarketScreener
   10. www.nst.com.my — Equities rebound to close higher as surging Treasury yields recede
   11. www.marketscreener.com — US Treasury Yields Dive From Multi-Decade Highs as October Fed Policy Tightening Bets Slide | MarketScree....
   12. www.thestandard.com.hk — Equities rebound to close higher as surging Treasury yields recede - The Standard
   confidence 95%