Despite rising yields, tech rallied. Investors are anticipating Nvidia’s earnings report — if it meets its revenue forecast, expect its stock to surge.
. "What seems to be clear is that food price volatility will continue in coming months," an analyst said.Europe's regional Stoxx 600 index currently at 448.66 — but UBS thinks the index will drop 10% to 410 by the end of this year. These are theThe bottom line
Yields on U.S. Treasurys continued marching higher, with the benchmark 10-year yield closing at 4.342%, a level not seen since November 2007. The 2-year yield added over 6 basis points to breach the 5% barrier, trading at 5.007%. "Typically spikes in Treasury yields expose other areas of weakness," said Megan Horneman, chief investment officer at Verdence Capital Advisors. "This is a risk to tech stocks and growth stocks with high PE multiples."
It's true technology stocks are sensitive to a high interest rate environment because their value rests on future earnings. Despite that, tech rallied, making their gains even more striking. The tech-heavy
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