A decline in long-end US Treasury yields and strong healthcare gains drove the S&P 500 up 0.21%, ending its losing streak.
The S&P 500 rose 0.21%, breaking a three-day losing streak, as a sharp drop in long-end US Treasury yields provided relief. S&P 500 futures climbed following the US Treasury’s announcement, signaling broader market optimism.
Healthcare stocks led the rally, with the sector up 3.52%, its best performance since April 2025. Moderna surged 176.97% and Merck & Co. gained 12.60% after announcing successful skin cancer vaccine trial results. However, semiconductor stocks weighed on gains, with the Philly semiconductor index falling 2.12%.
The positive sentiment extended into Asian markets, with the Hang Seng rising 1.14%, the Nikkei up 1.18%, and the KOSPI jumping 6.25%. European equities lagged earlier in the session.