Nasdaq extends rally to the best levels of the day

<p>The Nasdaq Composite has extended its gain to 0.5%.</p><p>There was some selling on the heels of the comments from Williams and the S&amp;P Global services PMI was also a touch hot but it hasn't left a lasting impact. Treasury yields are near the lows of the day, particularly at the long end.</p><p>In response, stocks are rallying again, led by a 4% rally in Costco after reporting earnings. Chipmakers are also strengthening, perhaps in anticipation of a new release from OpenAI.</p>

This article was written by Adam Button at www.forexlive.com.