Mixed Signals from Global After Long Weekend: Nasdaq Soars Past 17,000 : Fed Hints at Future Hikes

Soft signals from global markets, mixed action in US after long weekend. Nasdaq jumped 100 points and crossed 17000 for the first time. Big rise in Nasdaq due to 7% jump in NVIDIA. Dow Jones softened, slipped 215 points. The 10-year bond yield jumped above 4.5%. Statement by US Fed member Neel Kashkari – There is still a possibility of increasing interest rates