Nasdaq 100 Halts its 5-day slide – US Market Wrap

Stocks rose as Treasuries halted a selloff that had driven 10-year yields to near 4.5%, with traders keeping an eye on developments in President-elect Donald Trump’s administration.

The Nasdaq 100 rebounded after its worst day since January, with Tesla Inc. up 5.6% on news that Trump’s transition team has told advisers that a federal framework for fully self-driving vehicles will be one of the Transportation Department’s top priorities. Nvidia, which reports results this week, has fallen. Bonds rose across the US curve, reversing a trend that had previously driven 30-year yields to their May highs. Bitcoin surpassed $91,000.

The S&P 500 increased by 0.4%. The Nasdaq 100 gained 0.7%. The Dow Jones Industrial Average declined 0.1%.
Treasury 10-year yields fell three basis points, to 4.41%. The dollar fell 0.4%.