Welcome to the DC Today, your daily market synopsis of the Dividing Cafe, brought to you every Monday through Thursday to bring you up-to-date information and perspective on financial markets.

Well, hello and welcome to the Thursday edition of D.C. today. We have made it through the week of D.C. today is, of course, tomorrow,

Friday, the market is still open going into Memorial Day weekend, and yet it will be a

dividend cafe day, not D.C. today. Let me just go through a couple of things real quickly.

It was a really interesting day because you had the NASDAQ on fire. The NASDAQ ended up 1.71% and that's with

the technology sector up 4.4%. But a massive amount of it was from the huge announcement in the news

from Nvidia and a lot of names in the artificial intelligence space flying as

Amidia forecasted a big boost around the chip side in the AI space.

And so you get most of the AI companies rallying like crazy is a good company that makes money,

reported a huge quarter.

And then of course that leads to a rally with a lot of bad companies that don't make

money as well.

But big, big day in that space.

And yet, the Dow was actually down a tiny bit, down 35 points.

Although it had been down, not quite 200, about 170 at its worst and it ended up coming up in the final

half hour of the day and closed down just 35 points. S&P was up.8% again, huge disparity right now

between the cap-weighted and the equal-weighted index.

The 10-year treasury yield closed at 3.82%. So that's another 10 basis points higher.

So bonds are getting hit decently, nothing substantial, nowhere near back to their old high

yield levels, and yet worth watching for sure

as so many other assets are priced around all that.

The fundamental news, oh, by the way, the worst performing sector, I said the best was tech.

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