NEW YORK, September 3, 2026, 14:00 (EDT) — The Nasdaq rose 1.5% as technology shares were boosted by declining yields.
- The Nasdaq Composite was up 1.54% at 26,621.62 as of 14:00 EDT.
- The S&P 500 rose 1.14%, and the Dow advanced 1.20%.
- The yield on the 10-year Treasury slipped four basis points to 4.756%.
The Nasdaq Composite rose 1.54% as of 14:00 EDT on Thursday, leading a widespread U.S. market recovery. Easing bond yields supported renewed interest in growth stocks. The index was last at 26,621.62 Yahoo Finance.
The shift was significant as it was yields, rather than earnings, that limited valuations during the week. The yield on the 10-year Treasury dropped to 4.756%, down from 4.796% at Wednesday’s close. This four-basis-point decline benefited technology stocks with longer durations.
The bid firmed in the past hour. The Nasdaq increased 0.18% between 13:00 and 14:00. The S&P 500 climbed 0.12%, and the Dow advanced 0.09%.
Major indexes held their gains
The S&P 500 climbed 87.05 points to finish at 7,753.65. The Dow Jones Industrial Average rose 639.18 points, closing at 53,701.13. The Russell 2000 underperformed, advancing 0.51% index quotes.
Session advance versus the latest hour
Percentage change through 14:00 EDT
Gains were widespread but uneven. Nine out of 11 sector funds moved up. At midday, market breadth showed 1,661 NYSE stocks advancing versus 913 declining market breadth.
Advancers held a clear lead
At 14:00, consumer discretionary was the top performer, climbing 1.75% via its sector fund. Financials advanced 1.47%, while technology rose 1.32%. Materials, energy and staples continued in negative territory.
Sector performance
Major technology stocks drove most of the index’s gains. Microsoft NASDAQ:MSFT advanced 3.03%, Meta Platforms NASDAQ:META climbed 3.79%, and Nvidia NASDAQ:NVDA increased 2.53%. Broadcom NASDAQ:AVGO declined 3.94% after its forecast fell short of high expectations AP.
Shares related to cryptocurrency outperformed, with Robinhood Markets NASDAQ:HOOD climbing 16.05% and Coinbase Global NASDAQ:COIN up 10.45%. Ciena NYSE:CIEN lost 9.24%, even as it recovered from its 13:00 level.
Policy cues further backed the rate shift. Federal Reserve Governor Christopher Waller stated he was “inclined to support holding” rates should disinflation continue. He added a rate increase could remain an option if inflation in August proves strong Federal Reserve.
The data stopped short of signaling a full recovery. The ISM services index increased to 55.4, up from 54.1 in August. New orders advanced to 60.9, and the prices index moved higher to 72.6 ISM.
Initial claims for unemployment benefits rose slightly to 206,000, remaining at historically low levels AP. The trade gap for July increased 24.4%, reaching $88.6 billion BEA. The data kept the outlook for growth stable but mixed.
Oil prices acted as a balancing factor. U.S. crude was last at $91.55 a barrel at around 13:52 EDT, rising 0.59% Yahoo Finance. An increase in energy prices may hinder the bond rally should inflation expectations climb.
The August jobs report, due Friday, is the upcoming key indicator. Its results will influence rate forecasts ahead of the September 15–16 Fed meeting. As a result, the Nasdaq’s performance depends on sustained yield relief.
Risks: Another flare-up in the Middle East could push both oil prices and yields higher. Strong jobs or inflation data may undermine Thursday’s recovery in valuations.
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