All three major U.S. stock indexes closed slightly higher
The three major U.S. stock indexes all closed slightly higher, the SP 500 index rose 0.25%, the Dow rose 0.15%, the Nasdaq rose 0.03%. Among them, the Nasdaq, SP 500 index continued to hit a new record high, the Nasdaq for seven consecutive trading days continued to close at a new high. Most of the large technology stocks fell, Tesla, Google, Meta, Intel fell more than 1%, Microsoft, Amazon fell slightly; Nifty rose more than 1%; Nvidia rose more than 3%, and hit a new record high, with a total market capitalization of $ 3.34 trillion, surpassing Apple, Microsoft, and becoming the world's highest market capitalization stocks.
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Will a 10-year US Treasury yield rising to 5.5% "attack" US stocks? Societe Generale warns: this could be the valuation tipping point.
Bokobza, Global Head of Asset Allocation at Société Générale, pointed out that if the 10-year U.S. Treasury yield reaches 5.5%, corporate profit growth will not be sufficient to offset the impact of rising rates on valuations, and the stock market will face substantial pressure. However, he believes that the upcoming rate hikes by the Federal Reserve and the European Central Bank will be relatively limited and will not disrupt the current economic cycle.