REUTERS: U.S. stock indexes fell on Monday as climbing Treasury yields and prospects of rising inflation triggered valuation concerns, hitting shares of high-flying growth companies.
"Most growth stocks benefit from declining interest rates. If interest rates are expected to rise, then that would reduce the intrinsic value of growth stocks." The S&P 500 financial sector rose 0.2per cent, while energy stocks gained 2.2per cent on higher oil prices. Nine of the 11 major S&P 500 sectors were in negative territory.
The incidents have also put engine maker Pratt & Whitney in the spotlight, with shares of owner Raytheon Technologies Corp, falling 1.8per cent.
How many dead bodies needed for UN to take action?
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más: