Nasdaq Sets a Record, Oil Prices and Yields Fall Back
2026-10-12 02:02:27
According to CoinMeta and 10xResearch, the NASDAQ index reached a new high, with the S&P 500 index rising by 1.2%. Telecom stocks declined due to SpaceX's spectrum acquisitions, while Humana's stock price rose by 13%. The NASDAQ index increased by 0.2%, with chip manufacturers driving the index to a new high ahead of the release of OpenAI's revenue report. Bloomberg reported that OpenAI expects annual revenue of at least $70 billion. The US dollar index rose by 0.3% due to political risks in France and Spain, which led to a weaker euro and a weaker Japanese yen, as well as high Treasury yields over the years. Gold rose by 1.4% but then fell back to around $4,200 after yields and the US dollar strengthened. The yield on 10-year Treasuries decreased by 0.6% due to increased supply, global bond selling, and corporate borrowing related to AI.
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