Nasdaq hit a record as megacap gains offset elevated Treasury yields. Note what's doing the work here — a handful of names carrying the index while the long end stays high. That's a narrow tape, and n

What happened: The Nasdaq Composite hit a record as megacap technology gains offset elevated Treasury yields. The S&P 500 rose while the Dow Jones Industrial Average slipped. Key numbers: Dow fell 32.46 points, or 0.06%, to 51,144.50. S&P 500 gained 35.44 points, or 0.46%, to 7,758.16. Why it matters: Nvidia traded near its record high and Meta, Microsoft and Tesla each gained more than 1%, while chip stocks lagged. Peter Andersen of Andersen Capital Management said the market still has enough momentum to push through further rate increases.

Nasdaq record shows megacap gains outweighing elevated Treasury yields.

Nasdaq record shows megacap gains outweighing elevated Treasury yields. — impact context not separately stored; see What changed.