Nasdaq Gains 1.1% as US Yields Hold Above 5% Amid Strong China GDP
What happened
The Nasdaq gained 1.11% to 26,431, while the S&P 500 rose 0.41% and the Dow slipped 0.07% on October 1, 2026. The US 10-year Treasury yield stood at 5.139%, and the dollar index rose 0.11% to 101.946. Separately, China's third-quarter GDP grew 4.5% year on year, surpassing the 4.4% forecast.
From riotimesonline.com
Why it matters
Tech stocks drove the gains in the Nasdaq despite high US yields. The firm dollar index and elevated US yields raise the cost of carry for emerging-market positions. Prediction markets indicated high probability for no change at the upcoming Federal Open Market Committee meeting.
From riotimesonline.com
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- US Dollar (Next day)Speculative
The US Dollar might see increased demand due to high US yields, affecting trade prices.
- AMDSpeculative
AMD might see increased revenue due to the strength of the technology sector and Nasdaq gains.
- NvidiaSpeculative
Nvidia might see increased revenue due to the strength of the technology sector and Nasdaq gains.
- MicrosoftSpeculative
Microsoft might see increased revenue due to the strength of the technology sector and Nasdaq gains.
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The entities involved
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FED
business
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China
cultural region, ancient civilization, and nation in East Asia; mostly refers to the People's Republic of China in political situation and rarely refers to the Republic of China
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Nasdaq
American fully electronic stock exchange
Related events
- US inflation and growth are driving expectations of a Fed rate hike, while the dollar's strength pressures the euro.
- Fed support increases liquidity for crypto, while China and Japan utilize indirect ETF purchases amid warnings from market analysts like Peter Schiff.
- Strong job gains and inflation concerns are driving market sell-offs due to increased odds of Fed rate hikes.
- US yields and FED policy are influencing the Philippine peso and local banks like BDO and BSP.