Rising Treasury yields sink tech stocks, boost banks

Rising Treasury yields sink tech stocks, boost banks

Rising Treasury bond yields drove bank stocks higher Friday while sending technology shares tumbling and pushing the S&P 500 off of a record high.

An increase in the 10-year Treasury bond yield to 1.6 percent, a sign of Wall Street expecting higher interest rates, interrupted a broad stock market rally in the first day of trading after President BidenJoe BidenThe Memo: Nation rallies for Biden on his COVID-19 response Democrats debate fast-track for infrastructure package Japanese prime minister expected to be Biden’s first foreign visit at…

Read more from thehill.com

The best source of news - newszf.com
Logo
Compare items
  • Total (0)
Compare
0