Economic TimesLean R·
US stocks: Nasdaq hits record as megacap gains offset elevated Treasury yields
The S&P 500 advanced and the Nasdaq Composite touched an all-time high on Monday as gains in megacap growth stocks outweighed pressure from Treasury yields hovering near multi-year highs, Reuters reported.The Dow Jones Industrial Average fell 32.46 points, or 0.06%, to 51,144.50. The S&P 500 gained 35.44 points, or 0.46%, to 7,758.16, while the Nasdaq Composite climbed 189.48 points, or 0.70%, to 27,380.34.Technology heavyweights led early gains. Nvidia rose 1.1% and traded near the rec…
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