U.S. stocks extended a broad rally, with the S&P 500 and Nasdaq closing at record highs and the Dow topping 50,000 even as Treasury yields rose and inflation concerns persisted.
U.S. equities ended higher, with the S&P 500 and Nasdaq Composite closing at record highs and the Dow Jones Industrial Average moving back above 50,000. The advance came despite headwinds from rising long-term U.S. Treasury yields and persistent inflation concerns. According to the report, the 10-year Treasury yield rose to 4.5% and the 30-year yield briefly moved above 5%, signaling tighter financing conditions. The source also said Fed Governor Milan resigned and warned that borrowing costs remain too high, underscoring a market that continued to show strong risk appetite even as elevated yields pressured broader financial conditions.