US News

Wall Street ends little changed as rising yields weigh on tech

Published by
Reuters

By David French and Chuck Mikolajczak NEW YORK (Reuters) – Wall Street indexes closed out Monday’s session near the unchanged mark as rising Treasury yields dented the appetite for technology stocks, while Boeing shares advanced on signs of demand for its freighter aircraft. The technology sector, down 0.11%, was among the biggest drags on the day as U.S. Treasury yields moved higher, with the yield on the benchmark 10-year U.S. Treasury note touching its highest level since Oct. 27. Higher Treasury yields tend to weigh on high-growth areas such as tech, as they discount future earnings from t…

Read More

Facebook Comments

Check Also

Judge Blocks Biden’s COVID-19 Vaccine Mandate For Federal Contractors

Judge Blocks Biden’s COVID-19 Vaccine Mandate For Federal ...

Archives