The Nasdaq 100 Index has nearly doubled since the start of 2023, adding $14 trillion in value in the process. Evercore ISI’s Rich Ross is prepared for that rally to continue, shrugging off fears of a familiar nemesis: rising bond yields.

Nasdaq 100 climbs at the opening bell as Netflix’s stellar earnings and AI investments fuel tech stock momentum. Will the rally sustain?

Global stock and bond markets extended losses, hit by diminishing wagers on Federal Reserve interest-rate cuts this year and a further oil-price spike that poses a fresh threat to inflation.

"I think really the market is saying maybe no rate cuts in 2025, and that the 10-year could very easily break well above 5%," Jeremy Siegel said.

Nvidia, AMD, and Broadcom sold off after the Biden Administration released new AI chip export rules late Friday.

Stocks bounced around all day long, with traders unwilling to make any significant bets as they awaited key inflation data for clues on the path of Federal Reserve rates.Most Read from BloombergThese Homes Withstood the LA Fires.

"Markets tried to front-run the Fed on the level of interest rates and are now paying the price," Jamie Cox of Harris Financial Group said.

Eurozone PMIs, ECB rate path, and US economic data remain key for DAX trends. Futures signal mixed session amid global uncertainties.

Stocks were mixed on Thursday, with momentum stalling after the S&P 500 closed near record highs on Wednesday. Investors parsed fresh jobless claims data.

During his speech in World Economic Forum at Davos, Trump urged companies to manufacture their products in the US and vowed to offer tax relief or else face tariffs. In his speech, Trump also revealed his plan to lower interest rates and ask OPEC to lower oil prices.

A late-day rebound in technology companies helped drive stocks to all-time highs, extending an advance fueled by President Donald Trump’s call for lower oil prices and interest rates.

Stocks headed toward all-time highs as oil fell after President Donald Trump urged OPEC to lower crude prices and said he will push for interest-rate cuts.