Welcome to Markets Desk, here's where things stand.
Equity markets found their footing Monday, led by a rebound in chipmakers and AI infrastructure names. The S&P five hundred closed up nearly half a percent, while the Nasdaq one hundred outperformed with gains of just over one percent. The Dow slipped fractionally, suggesting the rally was concentrated in tech rather than broad-based.
Turning to rates, the ten-year Treasury yield has pushed to five point three four percent intraday, its highest level since two thousand two, driven by strong economic data and rising energy costs. UBS is now warning investors that a looming Federal Reserve rate hike could reprice risk assets meaningfully, with fixed income and rate-sensitive equities most exposed to further pressure.
Meanwhile, Bank of America has quietly become one of the more compelling capital return stories on the street. The bank has bought back more than nineteen billion dollars worth of its own stock so far in two thousand twenty six, cutting its share count by nearly a third over the past decade. A ten thousand dollar investment made ten years ago is now worth roughly forty thousand dollars, a testament to disciplined buyback execution compounding over time.
That's the tape. Markets Desk, signing off the floor.
