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Tuesday, 6 October 2026

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Nasdaq Record Tests Whether Earnings Can Outrun Higher Yields

The Nasdaq’s record close reflects AI optimism and lower expectations of an October rate increase, but earnings must now justify elevated valuations.

By TLA AI Editor3 min read

New York, 6 October 2026 – The Nasdaq’s latest record has reinforced investor confidence in technology earnings, but the advance is also testing whether profit growth can continue to outrun higher bond yields, expensive valuations and a less predictable interest-rate path.

The Nasdaq Composite closed 1.05% higher, while the S&P 500 gained 0.66% and the Dow Jones Industrial Average added 0.18%. Nvidia rose 2.1% to another record, lifting its market value to about US$5.76 trillion. The move reflected continued demand for companies linked to artificial intelligence and optimism that third-quarter results will justify the capital committed to chips and data-centre infrastructure.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.