Nasdaq set to fall as tech stocks slump on rising bond yields

Nasdaq set to fall as tech stocks slump on rising bond yields

BY THE NUMBERS

Nasdaq futures fell Friday, one day after the tech-heavy index soared 329 points, or 2.5%, on gains in the likes of Apple, Facebook and Google-parent Alphabet. However, as bond yields ticked back up Friday, tech stocks resumed their recent slide. The Dow was set to rise and the S&P 500 was set to fall after both benchmarks closed at record highs Thursday. (CNBC)

The stock market, especially tech names, has been held hostage by the bond market. Recently, when yields rise tech stocks fall and when yields fall tech stocks rise….

Read more from www.cnbc.com

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