S&P 500 slips from report, tech will get slammed as 10-year yield jumps

Tech comeback rally gains steam as Nasdaq jumps 3.5%, Tesla rebounds 10%

US stocks fell Thursday, led by technology stocks as a surge in bond yields fueled fears over equity valuations and led investors to sell high-flyers looking to growth. The S&P 500 was down 0.6%, falling from a record high in the last session. The tech-heavy Nasdaq Composite fell 1.3% while Apple, Alphabet, Microsoft, and Facebook … Read more

10-year Treasury yield hovers close to current highs after Fed choice

10-year Treasury yield hovers near recent highs after Fed decision

US 10-year Treasury yields fell from their previous highs on Wednesday after the Federal Reserve and Chairman Jerome Powell warned that the central bank was expecting strong economic growth this year but had no plans to raise its key rate. The benchmark 10-year Treasury note yield rose slightly to 1.41% on the day. The yield … Read more