Nasdaq Index: Record High Tests Rally as Treasury Yields and Dow Diverge

Impact · against what's priced in

The Nasdaq's record high and rising Treasury yields are largely neutral for Meta and Amazon as the market has already absorbed high interest rate headwinds. The slight decline in these specific names is a technical movement within a broader index rally and does not shift the fundamental growth or legal assumptions currently priced into their valuations.

AMZN−0.10

Already priced in

The price assumes

geopolitical and macro headwinds... including high interest rates

The movement in Treasury yields to 5.296% aligns with the macro headwinds already integrated into the current price.

What AMZN's price assumes · Sep 10

• treasury yields▲7%
• software
• AMZN
• META
• dow jones
• equity markets
• nasdaq
• sp500

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