Blandet på Wall Street

The key stock indices on Wall Street saw a 30-minute surge after opening, following a rise in US Treasury yields throughout the day. The 10-year Treasury note climbed to 5.3089%, while the 30-year note reached 5.67%. Both indices recently hit multi-year highs due to fears that rising inflation could force the Federal Reserve to keep interest rates high for longer.

The central bank increased rates by 0.25 percentage points last month, and a September meeting minutes report is due out on Wednesday. The past week has been marked by rising rates and a surprising weak jobs report. Harley-Davidson jumped 4.28% after the City upgraded the motorcycle giant to a buy. Betting firm DraftKings surged 2.4% after a similar upgrade from Bank of America, which believes the company's prediction markets could bring in $400 million in fees next year.

Nvidia, the technology giant, was already the world's most valuable company, but it may soon set a new record in terms of scale. On Friday, the stock rose 1.3%, making the company worth under $570 billion, according to CNBC. Options markets price in around a 50% chance of Nvidia surpassing $6 trillion in market value before the end of October, with a 13% probability of it happening this week.

There's also a slight chance it could reach $7 trillion before November 20, requiring the stock to climb to $248. Nvidia accounts for 13% of the Nasdaq 100 and 8% of the S&P 500. The opening on Friday helped push the Nasdaq 100 to a new record.