Nasdaq Up 1.7%, S&P Up 1.1% as All Three Major Indexes Snap Three-Day Losing Streak
nashnova research
US stocks rallied across the board on Thursday — Nasdaq up 1.7%, S&P 500 up 1.1% — snapping a three-day slide; the trigger was a 5.7-basis-point drop in the 10-year Treasury yield, though the Fed's rate-hike path remains unresolved.
How much did the three indexes gain?
The Nasdaq Composite rose 1.7%, the S&P 500 gained 1.1%, and the Dow added 0.6%.
Tech and semiconductor stocks led the advance, driving the bulk of the day's gains.
All three indexes had fallen for three straight sessions; Thursday's rally ended the streak.
What triggered the rebound?
The 10-year US Treasury yield fell 5.7 basis points to 4.946%.
This means → the rate-rise pressure sparked by Fed Chair Kevin Warsh's remarks the day before eased, at least temporarily.
In plain terms = the bond market exhaled first, and equities followed.
Why did stocks sell off so hard on Wednesday?
Markets read Warsh's press-conference remarks as signaling a willingness to raise rates more aggressively than expected.
That interpretation drove Wednesday's sharp selloff and was the core pressure behind the three-day slide.
In pre-market trading, S&P 500 futures touched the 100-day moving average — a technical trend line — for the first time since April 13.
What are Wall Street banks forecasting for further hikes?
Goldman Sachs expects the Fed to raise rates by another 25 basis points in October.
Bank of America sees one hike each in October and December; Morgan Stanley chief US economist Michael Gapen raised his total-hike forecast to three.
This means → the big banks disagree on pace, but agree on direction: more hikes are coming.
Can the rally last?
The single-day bounce was solid, but uncertainty around the Fed's policy path has not cleared.
Whether markets can absorb the coming rate hikes remains the key test for any sustained recovery in tech valuations.
In plain terms = one green day does not mean the risk is gone — what matters is whether the market can stomach the next round of tightening.
市场有风险，内容仅供研究参考，不构成投资建议。