By clicking on the “Proceed” button below, you will be redirected to a third-party website owned and operated by Hong Kong Tiimoot Information Technology Co., Limited. (“HKT”), which is located in Hong Kong. That website operates independently from Barron's and Barron's does not control the website. The privacy practices of HKT are subject to its Privacy Statement, so please read it closely.
We are not responsible for HKT's privacy or other data-related practices. 10-Year Treasury Yield Hits a New High, Sending Tech Stocks Lower Treasury yields spiked, with the 10-year yield climbing to its highest point in nearly 20 years. The 10-year yield hit 5.058%, its highest yield since 2007. The 5% mark is generally considered critical for investors since yields at this level weigh on earnings, particularly for growth names.
While yields rose, equity losses deepened. The Nasdaq Composite fell 1.2%, and the S&P 500 dropped 0.6%. The Dow Jones Industrial Average was down 0.2%, or 116 points.
The Nasdaq closes at a record for second straight day. Plus, two Fed officials on why the central bank had no choice but to raise rates. Geopolitical optimism is boosting stocks as Trump prepares to meet with Xi.
Sandisk, Super Micro, IonQ, Six Flags, and More Stocks That Explain Today’s Market Shares of chip and memory companies slip as investors lock in some profit, but AI server makers are having a better time of it.
Extract — continue reading at the source.
