Latest rise in bond yields drives tech stocks lower

Latest rise in bond yields drives tech stocks lower

NEW YORK (AP) — Stocks are mostly lower on Wall Street as technology stocks fell after spending most of the week holding steady or climbing. The move lower was once again caused by a rise in bond yields as the 10-year Treasury note’s yield jumped above 1.60%. The S&P 500 was down 0.2% in early trading. The Dow Jones Industrial Average was up 0.4%, lifted by bank stocks like JPMorgan Chase and Goldman Sachs. The technology-heavy Nasdaq was down 1.1%. Even with the modest losses, all three indexes are on pace to end the week up…

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