GgoogleSG first seen 8 h ago, last 7 min ago, peak #1
Markets rally on jobs data even as Treasury yields hit 2002 highs
Original: market
US stock markets closed higher, with the Dow up 400 points and the Nasdaq reaching a record high after a jobs report BlackRock's Rosenberg described as dovish. Chip stocks led gains as Treasury yields retreated. But the 30-year Treasury yield hit 5.59%, its highest since 2002, prompting Paul Krugman to criticise Treasury Secretary Scott Bessent. Separately, Scope warned US debt could reach 160% of GDP within a decade, and Singapore's SGX chair said company counts are outdated, with capital flows the real measure.
Why now: A record Nasdaq high sitting alongside 2002-era bond yields has investors debating whether the rally can last.
NasdaqDow JonesPaul KrugmanScott BessentSingapore Exchange
Rank over time, top of the chart is #1. 2 snapshots from 22 min ago to 7 min ago.
Evidence
- US equities rebound to close higher as surging Treasury yields recede · The Straits Times
- US jobs data boosts stocks as oil prices dip · CNA
- SGX chair says company count outdated, capital flow key · Singapore Business Review
- U.S. debt could reach 160% of GDP within decade, Scope warns · Investing.com
- Morning Bid: Yield to worst · Yahoo Finance Singapore
- 3 of the Best ETFs to Buy and Hold if a Recession Is Coming · Yahoo Finance
- Dow Jumps 400 Points, Nasdaq Hits Record High After Jobs Report — BlackRock’s Rosenberg Calls Data ‘Dovish’ · TradingView
- Dow, S&P 500 and Nasdaq end higher as chip stocks rally and Treasury yields retreat · MarketWatch
- Paul Krugman rips Scott Bessent as 30-year Treasury yield hits 5.59%, the highest level since 2002 · Yahoo Finance
Elsewhere
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