GoKawiilMeta and Microsoft rally push Nasdaq up 2% despite bond yield surge
U.S. stocks posted a volatile week as Treasury yields hit multidecade highs, with the 10-year topping 5.2% and the 30-year touching 5.5%. Despite rising rate-hike expectations after strong manufacturing data and comments from Fed Governor Michael Barr, the Nasdaq gained 2%, the S&P 500 rose 1%, and the Dow added 0.3%, lifted by strength in Meta and Microsoft shares.
GoKawiil's interpretation of the reporting above, not reported fact.
Rising yields typically pressure stock valuations by making bonds more attractive and borrowing costlier, yet tech names bucked the trend, suggesting investors see resilience in these companies' earnings outlooks. The CME FedWatch tool's jump to 66% odds of an October rate hike indicates markets are bracing for continued tightening, which could keep volatility elevated across rate-sensitive sectors like financials and consumer stocks.
- 10-year Treasury yield hit 5.2%, highest since 2007; 30-year reached 5.5%, highest since 2004
- Nasdaq rose 2% for the week, outperforming the S&P 500's 1% and Dow's 0.3% gains
- Fed rate-hike odds for October climbed to 66% from 57% amid hawkish commentary and strong economic data
Source: cnbc.com — Alexa Lomonaco, 2026-09-26
Published there as: “Meta and Microsoft led tech stocks higher last week despite soaring bond yields”
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