Dow Jumps 600 Points as 10-Year Yield Falls to 5.10% in AI Sell-off Rebound
Updated
Updated · Yahoo Finance · Oct 15
Dow Jumps 600 Points as 10-Year Yield Falls to 5.10% in AI Sell-off Rebound
3 articles · Updated · Yahoo Finance · Oct 15
Summary
The Dow rose more than 600 points Thursday, while the S&P 500 gained 0.4% and the Nasdaq turned positive after falling more than 1% earlier.
A drop in Treasury yields to 5.10% helped steady markets as chip stocks cut losses following a two-day AI sell-off tied to debt-financing worries.
CoreWeave rebounded to finish up about 6% after Wednesday's 15% plunge, but record-high default insurance pricing still implied roughly 60% odds of default within five years.
TSMC fell 2% despite record profit, and the broader semiconductor mood remained fragile after South Korea's KOSPI dropped 7% overnight.
Fresh inflation pressure added to the tension: September wholesale prices rose at their fastest pace since 2022, complicating the Federal Reserve outlook even as stocks recovered.