Technology · Singapore Bureau
Nasdaq hits record high as AI sentiment revives, bond yields ease
US stock markets reached fresh peaks on renewed optimism surrounding artificial intelligence, with the technology-heavy Nasdaq leading gains while Treasury yields retreated from recent highs.
LSN Singapore ·
The Nasdaq composite surged 2.26 per cent to close at 27,122.09 points, marking a new record, while the broader Dow Jones Industrial Average climbed 0.71 per cent to 52,048.83 points.
The rally reflected a resurgence in investor appetite for technology stocks, particularly those positioned to benefit from advances in artificial intelligence. The sector had faced headwinds in recent weeks amid concerns about valuations and shifting market dynamics, but sentiment shifted markedly on Tuesday.
US Treasury yields declined alongside the stock market climb, suggesting investors rotated capital from safe-haven fixed income into equities. The move underscores growing confidence in the economic outlook and a potential easing of inflation pressures that have kept bond yields elevated.
The gains signal a return of momentum to Wall Street after a period of volatility, with market participants reassessing the growth prospects of AI-related companies. Observers will be watching whether the rally sustains or faces fresh headwinds in coming sessions.