Stock Market Today: Nasdaq Dips After Hitting Record Highs; Micron, Sandisk Sink In Buy Zones (Live Coverage)

Live updates

1. 42m ago

   Nasdaq Dips Following Record Highs as Futures Slip

   The Nasdaq Composite is dipping after closing at a fresh record high. Stock futures are currently slipping or remaining little changed as Wall Street prepares to open lower. This downward movement coincides with a rise in Treasury yields and oil prices. Specifically, Micron and Sandisk have dropped into buy zones. While stocks and bonds drift, Brent crude has ended a period of losses.

   Why it matters

   The Nasdaq's recent record high indicates strong momentum that is now facing a short-term correction. Rising bond yields and oil prices typically put pressure on equity valuations. Investors are monitoring these indicators to determine if the record-breaking trend will resume.

   What is confirmed

   • The Nasdaq Composite recently posted a fresh record high.
   • Stock futures have slipped or remained little changed.
   • Oil prices and Treasury yields have edged higher.

   Still unconfirmed

   • Micron and Sandisk have sunk into buy zones.
   • Brent crude has ended a run of losses.

   What to watch next

   • Wall Street opening prices
   • Further movement in Treasury yields
   • Brent crude price stability
   Sources used for this update (5)

   1. CNBC — Stock futures are little changed after Nasdaq Composite posts fresh record: Live updates
   2. Bloomberg.com — Stocks and Bonds Drift as Brent Ends Run of Losses: Markets Wrap
   3. Investor's Business Daily — Stock Market Today: Nasdaq Dips After Hitting Record Highs; Micron, Sandisk Sink In Buy Zones (Live Coverage)
   4. Reuters — Wall St set to open lower as oil, bond yields tick up
   5. Investopedia — Stock Market Today: Futures Slip After Nasdaq Closes at Fresh Record; Oil Prices, Treasury Yields Edge Higher
   confidence 90%