
Nasdaq Composite Has a Rough Morning; Dow Holds Up Better (Barely)

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The Nasdaq Composite faced significant losses, down 0.86%, while the Dow Jones Industrial Average fell 0.31%. Rising 30-year Treasury yields, now at 5.19%, are increasing borrowing costs, impacting growth stocks like Alphabet and Amazon, which dropped 2% and 3% respectively. Despite Alphabet's announcement of a $5 billion AI venture with Blackstone, market sentiment remains cautious amid geopolitical tensions and rising oil prices. Investors are advised to remain calm and consider long-term strategies.
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