CNBC Fast July 3, 2024
Ahead this our. Im melissa lee, coming to you live from studio b at the nasdaq. Our guest trader tonight, Katie Stockton of fair lee strategies. And we start off with the newest milestone for Interest Rates. Yields on tenyear surging part the 4. 6 mark, getting closer to breaking above october 2007. The benchmark rate is up 1. 4 Percentage Points from its april low, massive move. The rapid rise in rates taking a particular toll on a few sectors. Real estate, utilities among the hardest hit. And while stocks closed off their lows of the session, the attempted rally lost some steam so, how worri...