Stocks Mixed Monday as Nasdaq Nears Record and 10-Year Yield Stays Above 5.3%
U.S. stocks opened mixed on Monday. The tech-heavy Nasdaq Composite climbed back toward record territory and the S&P 500 edged higher, while the Dow Jones Industrial Average fell more than 200 points. The tension is straightforward: equities remain near highs even as bond yields stay elevated.
The 10-year Treasury yield held around 5.3%, after touching a multi-year high near 5.35% last week. Higher long-term yields keep pressure on mortgage rates, business borrowing, and consumer credit. For households planning to buy a home or refinance, the key signal is not only whether the Federal Reserve cuts short-term rates, but whether long-term yields come down.
Friday's weaker-than-expected September jobs report cooled expectations for a late-October Fed rate hike, and traders now largely expect the central bank to hold steady this month. With a light calendar this week, investors are looking ahead to earnings season in mid-October. (Sources: Barron's, Investopedia, and Reuters market coverage.)
Source: Barron's、Investopedia
Published by GSM · USA (original Chinese edition)
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