AI Rally Pushes US Stocks Higher Despite Soaring Treasury Yields

Wall Street's AI-driven rally is pushing major US indexes toward record highs even as Treasury yields hit multi-decade peaks, raising concerns over tech valuations and borrowing costs. The Nasdaq 100 hit a fresh record and is up 22% this year, while the S&P 500 is less than 1% from its August high. Investors are betting on strong tech earnings, with third-quarter EPS expected to jump over 65%.