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*Wall Street remained under pressure as the global bond selloff pushed US Treasury yields sharply higher.
*The 30-year Treasury yield reached its highest level since 2004, increasing pressure on equity valuations.
*Rising oil prices added to inflation concerns and strengthened expectations for further Fed tightening.
*The Nasdaq remained relatively resilient as AI-related stocks continued to attract demand.
*Improving US–China discussions on trade and artificial intelligence provided additional support to technology sentiment.
US equities faced renewed pressure as rising Treasury yields and higher oil prices increased concerns over inflation and further Federal Reserve tightening.
The global bond selloff pushed long-term US yields to multi-decade highs, with the 30-year Treasury yield reaching its highest level since 2004. Higher yields increase borrowing costs and make bonds relatively more attractive compared with equities, creating particular pressure on technology and other growth stocks.
Oil prices also rebounded following renewed Middle East tensions, adding another inflation risk. Strong US economic data and persistent price pressures have increased expectations that the Fed may raise rates again, with markets pricing close to a 70% probability of another hike next month.
Despite these headwinds, the Nasdaq remained relatively resilient, finishing almost unchanged as strength in selected AI-related stocks offset weakness elsewhere. Meta gained strongly following the launch of a new AI device, while AMD also advanced, helping cushion broader technology-sector pressure.
US–China developments provided another supportive backdrop. The two sides agreed to extend their trade truce while continuing discussions on artificial intelligence and broader economic cooperation. Although major strategic disagreements remain unresolved, the constructive tone has helped limit some risk-off sentiment.
For now, the Nasdaq remains caught between two competing forces: strong structural optimism surrounding AI and technology growth, versus rising Treasury yields and tighter Fed expectations. If yields continue higher, technology valuations could face renewed pressure. However, further positive developments in AI or US–China relations could help the Nasdaq remain comparatively resilient.

Nasdaq has broken above the upper boundary of its recent consolidation range, with price now trading around 30,450 and approaching the 0.5 Fibonacci retracement at 31,115. The breakout signals a strengthening bullish structure after several weeks of sideways price action, with buyers regaining control and pushing the index toward higher resistance.
Momentum indicators are also supporting the move. RSI has risen to around 66, showing strong buying momentum while remaining below overbought territory. Meanwhile, MACD has crossed higher with a positive and expanding histogram, indicating that bullish momentum is continuing to build.
Resistance Levels: 31,115.00, 32,040.00
Support Levels: 29,035.00, 27,175.00
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