Nasdaq 100 Halts Five-Day Slide as Treasuries Gain: Markets Wrap
- US 10-year bond yield falls after earlier approaching 4.5%
- Bitcoin rebounds from token’s largest retreat since election
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Stocks climbed as Treasuries halted a selloff that drove 10-year yields near 4.5%, with traders keeping a close eye on news around President-elect Donald Trump’s administration.
The Nasdaq 100 outperformed after its longest rout since January, with Tesla Inc. up 5.6% on a news report Trump’s transition team have told advisers they plan to make a federal framework for fully self-driving vehicles one of the Transportation Department’s priorities. Nvidia Corp., which reports results this week, fell. Bonds rose across the US curve, reversing a move that earlier drove 30-year yields to their May highs. Bitcoin topped $91,000.