Stock Market Today: Stocks Sink as Treasury Yields Hit New Highs
Yields on the 2-year and 10-year government bonds hit their highest levels in nearly two decades, resulting in outsized losses for rate-sensitive tech stocks.
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Yields on the 2-year and 10-year government bonds hit their highest levels in nearly two decades, resulting in outsized losses for rate-sensitive tech stocks.
The main benchmarks opened higher Monday and rallied into the close. Stocks kicked off the week on a strong note, with all three main indexes notching major gains Monday. Today's relief rally came as investors brushed off rising geopolitical tensions and instead looked ahead to a busy week on Wall Street – one which includes a number of high-profile earnings reports. Market participants put escalating tensions between Israel and Hamas on the backburner Monday, choosing to focus on several key do
The main benchmarks opened higher Monday and rallied into the close.
Economists think that a recession is still likely, but it may hold off for a bit longer.
Americans have hundreds of billions of dollars more in savings than previously thought, new data says. A recession is still likely, but maybe not soon.