A person walks in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Monday, April 22, 2024, in Tokyo.
That’s its longest such streak since September, before it broke into a romp that sent it to a string of records this year. Nvidia, another stock that has surged to dizzying heights due to Wall Street’s frenzy around artificial-intelligence technology, also gave up some of its big recent gains. It slumped 10% and was the heaviest single weight on the S&P 500, by far, because of its huge size.
High rates hurt prices for all kinds of investments. Some of the hardest hit tend to be those seen as the most expensive and which make investors wait the longest for big growth, which can make tech stocks vulnerable.
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