NEWS Desk Global
NASDAQ HITS RECORD HIGH AS TREASURY YIELDS EASE
The Nasdaq rallied to a fresh intraday record on Friday, lifted by megacaps as Treasury yields slipped from the week's high while investors looked ahead to quarterly results from some of Wall Street's biggest companies next week.
The yield on the benchmark 10-year Treasury note rose slightly on the day to 4.218%, but eased off the 4.26% high touched earlier in the week. The so-called "Magnificent Seven" group of rate-sensitive stocks leapt. Chip heavyweight Nvidia gained 2.1%, briefly overtaking Apple as the world's most valuable company by stock market value.
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