US 10-year Treasury yield hits 5% for first time in nearly three years, pressuring equities

The US 10-year Treasury yield reached 5% for the first time in nearly three years, triggering risk-off pressure that pushed the S&P 500 down 0.7% and the Nasdaq 100 down 1.6%, with AI chip and memory names selling off sharply.

Detected & updated continuously · Source: Nebula