Tech Leads U.S. Stock ETF Gains as Treasury Yields Dip
Tech Leads U.S. Stock ETF Gains as Treasury Yields Dip April 8, 2021 U.S. markets and stock exchange traded funds strengthened Thursday as Treasury yields dipped in response to muted labor market data. Technology and other growth stocks led the push higher. On Thursday, the Mega-cap technology companies are rallying as yields in the bond market pulled back, easing concerns over valuations in growth-heavy names. “Rates going up was part of the reason why you had this broadening of the market and a bit of a rotation towards value stocks, especially financials and energy,” Ed Keon, chief...