Business · 6 hours ago
Wall Street's odd split: Nasdaq record as US borrowing costs hit 24-year peak
The yield on 10-year US Treasury bonds climbed to 5.35% overnight, its highest level since 2002, even as a tech rally pushed the Nasdaq to a record close. Asian shares mostly followed Wall Street higher on Tuesday. Brent crude held near $100 a barrel after sliding almost 2% as Middle East exports rose and G7 nations pledged extra supplies. The euro hovered near 17-month lows.
Reported by CNA (Reuters) · How we write briefs