Hot Inflation Sends Treasury Yields Soaring as Investors Run for Defensive Stocks
Two-year yields jumped the most since 2024 after October prices topped forecasts, while CoreWeave's strong outlook gave the AI trade a lift.
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He reports live from the floor of the New York Stock Exchange.
Two-year yields jumped the most since 2024 after October prices topped forecasts, while CoreWeave's strong outlook gave the AI trade a lift.
The Nasdaq gained 1.1% as chip stocks recovered, while a strong jobs report kept pressure on interest rates.
The S&P 500 rose 0.4% even though most of its stocks fell, as Nvidia, AMD and Broadcom led a tech rebound and Apple disappointed.
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