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RXO News3 articles
Nasdaq Hits Record High as Megacap Gains Mask Weak Breadth
Nasdaq closed at a record 27,477.31, but only 50.58% of stocks advanced, highlighting narrow leadership from megacaps. S&P 500, Dow, and Russell 2000 also posted gains.
M&A Surge Broadens S&P 500 Rally Despite 5.33% Treasury Yield
Software stocks rallied on PTC's $22.6B acquisition, lifting the S&P 500 within 0.6% of its record. Treasury yields hit 5.33%, but oil's decline eased inflation fears.
Mixed Open as ISM Price Surge Caps Nasdaq Rally
U.S. stocks opened mixed Monday as a 5.30% 10-year yield and rising ISM prices tempered gains. Nasdaq rose 0.5%, while Dow slipped. PTC surged 34.8% on Schneider's $22.6B bid.