Stocks stall as bond yields rise, tech and semiconductor sectors surge

From Nasdaq: 2025-01-10 12:37:41

This week, markets were active despite honoring late President Jimmy Carter. Semiconductor, auto, and tech stocks surged due to changes in tariff plans. Volatility persisted with rate fears after strong job data. The Fed showed concern over tariffs and tax plans’ inflation impact. Stocks are eyeing weekly losses amid rising Treasury yields.

In the tech sector, quantum computing dominated discussions. Rigetti Computing soared to record highs while Nvidia’s CEO cast doubts, pressuring IONQ and D-Wave Quantum. Chip stocks like AMD, TSM, and MU rallied on AI demand reports. Microsoft announced layoffs, Amazon expanded digital ad offerings, and Dell is a top stock pick for 2025.

Analyst ratings were mixed this week with upgrades for American Airlines and bear notes for Constellation Brands. Carvana received optimistic views, while SolarEdge Technologies and Novo Nordisk saw fluctuations. Air taxi stocks received downgrades, as did streaming giant Roku. Earnings season is approaching with key bank reports and economic data releases on the horizon.



Read more at Nasdaq: Bond Yields Stall Stocks to Kick Off 2025