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Rising yields and rate repricing test US stock-market momentum
The Nasdaq 100 is holding above its 50-day and 200-day moving averages, while the 10-year Treasury is near 4.78% and rate hike probabilities have climbed toward 60%.
US stock indexes are entering a choppy stretch as rising Treasury yields and Federal Reserve repricing challenge bulls, according to Yahoo Finance technical commentary.
The Nasdaq 100 is described as relatively resilient, with the index holding above the 50-day and 200-day exponential moving averages, even as oil and inflation risks remain a major concern for traders.
The article points to the labor market surprise as a key driver of shifting expectations, citing Friday payroll gains of 162,000 versus roughly 55,000 expected, which has pushed rate hike probabilities toward 60%.
For the broader market setup, the 10-year Treasury is hovering around 4.78%, with upcoming events including PPI on Thursday, CPI on Friday, and the Fed’s rate decision next week, which the piece says could drive continued volatility.
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