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Technology stocks retreat as oil remains above $106, the 10-year Treasury yield reaches a 19-year high and markets prepare for another round of global rate increases.📉 Bond yields overpower another Nvidia boost🌍 Oil and Asia keep the pressure global📅 Labor data and Micron take over next
The Dow-30, S&P 500 and Nasdaq Composite all fell Tuesday as rising U.S. Treasury yields and declines for Apple, Tesla, Qualcomm and select other techs outweighed lower oil prices and gains for other techs like Micron, Oracle and SpaceX. The $Dow Jones Industrial Average (.DJI.US)$ lost 131.59 points (0.3%) to a…
U.S. stock markets were rattled by rising Treasury yields even as oil prices surged and additional concerns about the artificial intelligence sector weighed on investor sentiment.