ASX set to slide as tech stocks send Wall Street lower

Declines in technology stocks are dragging the broader market lower on Tuesday as investors remain increasingly focused on a big tick up in bond yields and what it means for the overall market.

The companies that were dragging down the overall market were the big tech names that had pushed the market significantly higher the past year: Apple, Amazon, Microsoft and Tesla. Since the pandemic began, investors consistently pushed the prices of these companies’ stocks to stratospheric heights, betting that quarantined consumers would do most of their shopping online and spend money on devices and services for entertainment.

A bigger part of the reason for the decline has been what’s going on in the bond market, and the dynamic that happens to stock valuations when bond yields rise. The yield on the 10-year Treasury note rose to 1.36 per cent, continuing its quick climb up over the last few weeks.

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

ASX to slip, Wall Street tech stocks fall as mood turns 'fairly fragile'The local share market is expected to open lower, as Wall Street's major technology stocks were sold off and the Australian dollar hit a three-month low. Once global stimulus impact fizzles out in 2022, eco will be flat..it will be deflationary not inflation.,no more V shape recoveries but back to 2019 limping along . Petrol ,Gas, Coal prices starts path to plummeting prices as battery, Solar , hydrogen prices starts to move
ソース: abcnews - 🏆 5. / 83 続きを読む »

ASX to slip; Wall St tech stocks rebound as European COVID cases riseAustralian shares are expected to fall in early trade, despite Wall Street's technology stocks rebounding from a recent pullback, while European markets remain calm as Europe enters its third wave of COVID-19 infections.
ソース: abcnews - 🏆 5. / 83 続きを読む »