Major Stock Indices Decline as Treasury Yields Reach Historic Peaks Despite Strong Micron Report

Global Bond Rout Deepens as US 10-Year Yield Hits 5.34%, While Micron Keeps AI Stocks Resilient

Global bond markets came under renewed pressure on Thursday, pushing benchmark government yields to levels not seen in decades, even as equities proved relatively resilient after Micron’s stronger-than-expected results reinforced investor confidence in the spending boom around artificial intelligence. The 10-year US Treasury yield climbed as high as 5.34%, its highest level since 2002, before […]

Major Stock Indices Decline as Treasury Yields Reach Historic Peaks Despite Strong Micron Report

Key Takeaways Major U.S. equity indices surrendered early session gains and closed lower on Thursday. Treasury yields continued their ascent, with the 10-year reaching approximately 5.3%, marking fresh multidecade peaks. Micron delivered better-than-expected quarterly results and upgraded guidance, though shares remained flat. Manufacturing sector data revealed weaker expansion alongside accelerating price pressures. Weekly unemployment claims …

Nasdaq Index: Micron Slides as 10-Year Yield Surge Snuffs Out Tech’s October Bid

Nasdaq, S&P 500 and Dow slip as a 5.34% 10-year Treasury yield, $91 oil and firm ISM prices overpower Micron’s earnings beat.