Nasdaq 100 Seeks Breakout as Market Bounces Back

The past two days on Wall Street have been chaotic, with the Fed's decision to hold interest rates steady at 3.50%-3.75% sending shockwaves through the market.

However, three FOMC members broke ranks and demanded a hike, an unusually hawkish dissent that led to the Dow plummeting over 1,100 points, its worst session since April 2025.

Treasury yields spiked, with the 30-year touching levels unseen since 2007, as renewed US-Iran strikes pushed oil higher and reignited inflation fears. The Nasdaq 100 briefly slid into correction territory, down 11% from its June record high.

The market's reversal came on Thursday, with Microsoft's blockbuster earnings driving the Nasdaq Composite to a 2.8% gain, snapping a six-day losing streak.