US Market Volatility Tracker

Nasdaq AI Rally Faces a Rates-Driven Continuation Test

Nasdaq AI Rally Faces a Rates-Driven Continuation Test

The Sept. 25 rebound in the S&P 500, Nasdaq, and Dow, alongside easing oil and Treasury yields, briefly challenged the bearish rates narrative. However, yields remain near multiyear highs, breadth is weak, and dollar strength persists, so Nasdaq resilience could still become a reversal opportunity unless rates continue stabilizing.

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Updated Sep 27, 2026