Welcome to Markets Desk, your midday read on what's moving and why.
Equities closed Tuesday with real momentum behind them. The S and P five hundred notched a fresh record at seven thousand five hundred nineteen, driven by a chip-led surge that lifted the Nasdaq more than one percent. The Dow lagged, slipping fractionally, but the broader message was clear — technology is back in the driver's seat.
Staying in tech but shifting the story, Zscaler reported third-quarter results after the bell with revenue climbing year over year, yet the net loss widened as operating expenses continued to outpace growth. That's a familiar tension in enterprise software right now — top-line momentum is real, but the path to profitability remains the question investors keep asking.
Meanwhile, the bond market is demanding attention of its own kind. Treasuries have been hit by a violent selloff tied to mounting concerns around inflation, geopolitical risk from the Iran conflict, and uncertainty over what a Federal Reserve under incoming chair Kevin Warsh might look like. Yields rising this sharply, this fast, puts pressure on equity valuations and credit conditions alike — this is not noise, it is a signal worth watching closely.
That's the tape. Markets Desk, signing off the floor.
