U.S. stock indexes rose at the start of Thursday’s trading session, driven by continued investor demand for artificial-intelligence stocks amid a renewed sell-off in U.S. Treasury bonds.
Major indexes advance
The Dow Jones Industrial Average rose 0.36%, or 182 points, to 51088. The S&P 500 also gained 0.30%, or 23 points, to 7674, while the Nasdaq Composite advanced 0.53%, or 137 points, to 26998.
Technology stocks support trading
Micron Technology shares rose 0.7% to 1072 dollars after the company reported quarterly revenue and earnings that exceeded expectations in the fourth quarter of fiscal 2026.
Alphabet shares climbed about 2% to 347.1 dollars after the company unveiled its latest artificial-intelligence models, Gemini 4 Arjun.
Treasury yield hits highest level since 2002
The 10-year U.S. Treasury yield touched 5.333% during Thursday’s trading session, a level not seen since April 2002, after rising by more than half a percentage point in September.
