Wharton School's Jeremy Siegel says stick with stocks even with 10-year Treasury yield above 5%

Wharton School's Jeremy Siegel said investors should stick with stocks even as the 10-year Treasury yield again breaches the key 5% level. Stocks came under pressure Monday from higher Treasury yields. All three major stock market averages were last trading lower as the 10-year Treasury yield briefly topped the 5% level, with some analysts saying yields could climb higher still. US10Y 1D mountain U.S.

"Clearly, stocks are the place to be in if we get stronger growth," Siegel said Monday on CNBC's " Squawk on the Street. " "And I don't mean just for last quarter. You know, I think the promise of AI is real. This year, our growth has been driven by productivity.

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