Tech Stocks Hit Records While Treasury Yields Rise

Wall Street tech stocks reached record highs on Monday as Treasury yields climbed to levels unseen since 2002. Meanwhile, Brazilian markets surged following the presidential election runoff results.

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FILE PHOTO: A trader works, as screens broadcast a press conference by U.S. Federal Reserve Chair Kevin Warsh following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 29, 2026. REUTERS/Brendan McDermid/File Photo

The Nasdaq jumped 1% to a new record on Monday in United States equities trading, even as long-term Treasury yields reached their highest levels since 2002.

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