Stock Market Today: S&P 500 and NASDAQ Maintain Resilience Amid Soaring Treasury Yields
2026-10-02 01:02:41
CoinMeta US stock data: Today's stock market performed strongly, with the S&P 500 and NASDAQ maintaining resilience despite the 10-year Treasury yield soaring to 5.34%. Despite severe fluctuations in the bond market, where yields reached their highest level since 2002, the US stock market still exhibited unexpected stability, supported by strong demand for artificial intelligence and Micron Technology's latest financial report. Micron revealed that its financial commitments under its long-term supply agreements have increased from $22 billion in June to $32 billion, further reinforcing the market's view of strong demand for artificial intelligence memory. Analysts expect the S&P 500 earnings to grow by about 35% in 2026, while the index has risen by about 12% this year.
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Source:Coinpaper
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