{"id":84413,"date":"2026-10-06T17:36:11","date_gmt":"2026-10-06T06:36:11","guid":{"rendered":"https:\/\/www.icmarkets.com.au\/blog\/?p=84413"},"modified":"2026-10-06T17:36:15","modified_gmt":"2026-10-06T06:36:15","slug":"tuesdy-6th-oct-2026-nasdaq-hits-record-high-as-tech-stocks-rally-despite-rising-treasury-yields","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com.au\/blog\/tuesdy-6th-oct-2026-nasdaq-hits-record-high-as-tech-stocks-rally-despite-rising-treasury-yields\/","title":{"rendered":"Tuesdy 6th Oct 2026: Nasdaq Hits Record High as Tech Stocks Rally Despite Rising Treasury Yields"},"content":{"rendered":"\n

Global Markets:<\/strong><\/h3>\n\n\n\n

\u25cf         Asian Stock Markets : Nikkei up 0.58%, Shanghai Composite up 0.31% Hang Seng up 0.62% ASX up 0.54%<\/p>\n\n\n\n

\u25cf        Commodities : Gold at $4,152.76 (-0.10%) Silver at $60.963 (-0.55%), Brent Oil at 100.82 (0.47%), WTI Oil at 89.82 (0.44%)<\/p>\n\n\n\n

\u25cf        Rates : US 10-year yield at 5.319, UK 10-year yield at 5.4263, Germany 10-year yield at 3.4922<\/p>\n\n\n\n

News & Data:<\/strong><\/h3>\n\n\n\n

\u25cf        (USD)    ISM Services PMI<\/p>\n\n\n\n

       54.9 to 55.1  expected<\/p>\n\n\n\n

Markets Update:<\/strong><\/h3>\n\n\n\n

The Nasdaq Composite surged to a fresh all-time high on Monday as investors looked past rising U.S. Treasury yields and digested new economic data.<\/p>\n\n\n\n

The tech-heavy Nasdaq gained 1.05% to an intraday high of 27,544.07 before closing at a record 27,477.31. The Dow Jones Industrial Average rose 90.94 points, or 0.18%, to 51,267.90, while the S&P 500 advanced 0.66% to 7,773.95.<\/p>\n\n\n\n

Artificial intelligence-related stocks led the Nasdaq higher. SpaceX jumped more than 7%, while Meta Platforms and Microsoft gained nearly 2% and more than 1%, respectively. Nvidia and Tesla each climbed about 2%.<\/p>\n\n\n\n

Infrastructure Capital Advisors CEO Jay Hatfield described technology stocks as an \u201cinverse bond trade,\u201d saying strong earnings growth and robust demand for computing have made the sector relatively resilient to higher interest rates.<\/p>\n\n\n\n

Meanwhile, Treasury yields continued to rise. The 10-year Treasury yield climbed more than three basis points to 5.311%, while the 30-year yield rose to 5.664%. Both have recently reached multiyear highs as investors worry that persistent inflation could keep Federal Reserve interest rates elevated.<\/p>\n\n\n\n

Investors also assessed September\u2019s ISM services PMI, which came in at 54.9, broadly matching expectations but slowing slightly from August.<\/p>\n\n\n\n

Markets now await minutes from the Federal Reserve\u2019s September meeting for further clues on monetary policy. Oil prices also declined, with Brent crude settling at $100.32 a barrel.<\/p>\n\n\n\n

 Upcoming Events:<\/strong><\/p>\n\n\n\n

\u25cf       2:00 PM    GMT   –   CAD  Ivey PMI

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Global Markets: \u25cf         Asian Stock Markets : Nikkei […]<\/p>\n","protected":false},"author":8,"featured_media":79441,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[196,215,339],"tags":[],"class_list":["post-84413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fundamental-analysis","category-market-analysis","category-recent-posts"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t