Oct 5, 2026 · 12 min · 7 segments
The Nasdaq Composite sailed to a fresh all-time high as traders looked past rising U.S. Treasury yields and digested new economic data. The Nasdaq Composite was up 1.05% and hit an intraday of…
Henry JenningsHost
And it was a drift positive night last night in the US ahead of earnings season, and great expectations are built into the earnings season.
Once again, though, it is the tech stocks and the AI stocks that are leading the charge.
The Nasdaq hitting a record high, two hundred and eighty-six points up or 1.1%, twenty-seven thousand four hundred and seventy-seven.
Remember that, uh, for a long time, the Nasdaq has been trading at, uh, roughly half the price of the Dow.
It is now well and truly over that, so maybe, uh, the Dow needs to play a little bit of catch up.
S&P 500 up, uh, 0.7 of a percent, fifty-one points in the middle for diddle, seven thousand seven hundred and seventy-four.
And US earnings, which are expected to be particularly good still, despite bond yields, uh, being fascinating for the commentators.
It is all about the earnings, stupid, and, uh, we will get to see in the coming weeks how those earnings go.
The VIX volatility index, little bit of a pick-up there, 1.4% higher, fifteen point five two, still relatively complacent levels.
US bond yields, which have been at the forefront of most investors' minds recently.
We've got US thirty years up, uh, three point eight basis points to five point six six one.
And the twos easing back slightly, one point eight basis points down to four point eight one two.
But it certainly looks like we are in the buy tech, sell everything else market at the moment, and some commentators calling it the inverse bond trade at the moment.
The Institute for Supply Management's latest report on economic growth in the services sector.
And it was a drift positive night last night in the US ahead of earnings season, and great expectations are built into the earnings season.
Once again, though, it is the tech stocks and the AI stocks that are leading the charge.
The Nasdaq hitting a record high, two hundred and eighty-six points up or 1.1%, twenty-seven thousand four hundred and seventy-seven.
Remember that, uh, for a long time, the Nasdaq has been trading at, uh, roughly half the price of the Dow.
It is now well and truly over that, so maybe, uh, the Dow needs to play a little bit of catch up.
S&P 500 up, uh, 0.7 of a percent, fifty-one points in the middle for diddle, seven thousand seven hundred and seventy-four.
And US earnings, which are expected to be particularly good still, despite bond yields, uh, being fascinating for the commentators.
It is all about the earnings, stupid, and, uh, we will get to see in the coming weeks how those earnings go.
The VIX volatility index, little bit of a pick-up there, 1.4% higher, fifteen point five two, still relatively complacent levels.
US bond yields, which have been at the forefront of most investors' minds recently.
We've got US thirty years up, uh, three point eight basis points to five point six six one.
And the twos easing back slightly, one point eight basis points down to four point eight one two.
But it certainly looks like we are in the buy tech, sell everything else market at the moment, and some commentators calling it the inverse bond trade at the moment.
The Institute for Supply Management's latest report on economic growth in the services sector.
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