Market Jitters: Nasdaq in Decline as Inflation Concerns Rise
U.S. stock indexes, led by the Nasdaq, extended losses with semiconductor stocks dragging down performance amidst elevated Treasury yields and rising oil prices. Inflation worries resurfaced as the 10-year Treasury yield climbed, and geopolitical tensions affected oil markets. Nvidia and Walmart's upcoming earnings are in focus for consumer and AI insights.
On Monday, U.S. stock indexes suffered extended losses, with the Nasdaq plummeting as semiconductor shares faced intense pressure. Rising Treasury yields and oil prices spurred inflation worries, suggesting elevated borrowing costs could persist.
The 10-year Treasury yield peaked at 4.63%, its highest since February 2025. The bond market saw a selloff due to surging oil prices amid ongoing Iran war tensions, despite hints of a U.S. waiver on Iranian oil sanctions.
Key players like Nvidia and Walmart are anticipated to release earnings, likely offering insights on consumer coping mechanisms in high-inflation conditions and AI-driven market momentum. Meanwhile, NextEra Energy's acquisition of Dominion Energy influenced utility stocks, and Regeneron's trial results impacted drug shares.
(With inputs from agencies.)
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