The Nasdaq Composite rose about 0.1%, while the Nasdaq 100 hovered flat, reflecting balanced trading across mega-cap tech. Broader U.S. markets remained subdued as traders weighed Fed uncertainty and incoming economic data.
President Trump's removal of Fed Governor Lisa Cook continued to unsettle investors, raising questions over central bank independence. While legal challenges are likely, the decision brought added volatility to Treasury markets.
The U.S. 10-year yield eased slightly to 4.25% after earlier pressure, providing modest relief to growth stocks that are sensitive to borrowing costs. Traders are still pricing in a 25-basis-point rate cut at the next meeting, supported by Fed Chair Powell's dovish commentary and softer labor data.
Tech leadership was mixed, with Nvidia trading cautiously ahead of its earnings release tomorrow, a key catalyst for AI-driven momentum across the index.