The Nasdaq Composite set a new all-time high for the third consecutive day. Technology stocks are leading the market while 10-year Treasury yields remain above 5%. NVIDIA is near its high, AMD has set a new record, and Broadcom has been upgraded. The market's reaction is expected to be shaped by the next round of earnings reports.
The Nasdaq Composite set a new all-time high for the third consecutive day. The market has maintained its strength against a backdrop of elevated interest rates and momentum in technology stocks.
Technology stocks continue to lead the market even as the 10-year US Treasury yield remains above 5%.
Among individual stocks, NVIDIA traded near its all-time high, while AMD recently set a new record.
Meanwhile, reports indicated that Broadcom had been upgraded.