Nasdaq Tumbles Amid Rising Treasury Yields and Oil Prices

The US stock market is experiencing another uncertain day as investors digest a combination of lower inflation numbers, positive employment figures, rising oil prices, and a sudden spike in bond yields.

The Nasdaq index fell by 0.18% to 26,812.78, while the Dow Jones Industrial Average lost 239.17 points or 0.47%, and the S&P 500 dropped 19.21 points or 0.25%

The rise in Treasury yields is increasing the opportunity cost of holding equities, and investors are trying to determine whether inflation will keep interest rates elevated.

Nvidia continues to be a hot topic in AI and semiconductor space, with its stock price rising by 1.15% to $231.01, while Microsoft's stock price increased by 1.06%