Nasdaq and S&P 500 hit record highs as major tech stocks offset surging Treasury yields
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On Monday, the Nasdaq Composite and S&P 500 reached record highs even as 10-year Treasury yields rose above 5.34% and 30-year yields neared 5.7%. CNBC host Jim Cramer explained that artificial intelligence leaders Meta, Microsoft, and Nvidia—which gained 1.9%, 1.5%, and 2.1% respectively—are masking broader market pressures.
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