Dow Weathers Spiking Bond Yields, Choppy Trading
Schaeffers·- The Dow Jones Industrial Average rose while the S&P 500 and Nasdaq fluctuated amid persistent bond yields above 4.7% and a new wave of Big Tech earnings. - Amazon.com surged 15% to $271.21 following stellar results, and AXT Inc jumped 26.2% to $59.24 after reporting a record second-quarter top-line beat and a new supplier agreement. - Conversely, Roblox dropped 28.7% to $34.63 due to third-quarter bookings falling short of estimates, leading to multiple analyst downgrades.