Stocks Bounce From Lows as Treasury Selloff Eases: Markets Wrap
(Bloomberg) — A selloff in Treasuries eased after yields hit multi-decade highs, with stocks rebounding from Thursday’s lows in a session marked by concerns over inflationary pressures stemming from elevated oil prices.
The S&P 500 was little changed. Treasury 10-year yields dropped from the highest since 2002. Brent crude traded above $100. The dollar climbed.
Corporate Highlights:
Micron Technology Inc. gave an upbeat forecast for the current quarter, fueled by the AI building frenzy, though the chipmaker warned that rising compensation would weigh on profit margins. Broadcom Inc. has agreed to lend Anthropic PBC as much as $42 billion to lease its chips, according to Reuters, an arrangement that could add to concerns about circular dealmaking between the key players in the artificial-intelligence boom. Amazon.com Inc. has agreed to purchase 690 megawatts of power from Constellation Energy Corp. in a deal that will help the biggest US nuclear operator boost capacity at the only reactors in Maryland. Accenture Plc, the technology consulting firm that’s under pressure to show it can help clients adopt artificial intelligence and can undergo such a transition itself, reported that it booked more business in the fourth quarter than analysts had expected. Tencent Holdings Ltd. agreed to lease advanced AI chips from Oracle Corp. in Southeast Asia in the Chinese company’s biggest such deal yet, the Financial Times reported. Some of the main moves in markets:
Stocks
The S&P 500 was little changed as of 12:36 p.m. New York time The Nasdaq 100 was little changed The Dow Jones Industrial Average was little changed The MSCI World Index fell 0.4% KBW Bank Index fell 0.9% Currencies
The Bloomberg Dollar Spot Index rose 0.5% The euro fell 0.9% to $1.1228 The British pound fell 0.5% to $1.3194 The Japanese yen fell 0.2% to 157.78 per dollar Cryptocurrencies
Bitcoin rose 1.1% to $84,507.35 Ether rose 0.4% to $2,690.81 Bonds
The yield on 10-year Treasuries declined five basis points to 5.23% Germany’s 10-year yield declined eight basis points to 3.51% Britain’s 10-year yield declined three basis points to 5.40% Commodities
West Texas Intermediate crude rose 1.6% to $91.91 a barrel Spot gold rose 0.2% to $4,166.92 an ounce ©2026 Bloomberg L.P.
