US stocks finished in the red Tuesday as tech shares bore the brunt of rising bond yields amid easing turmoil within the banking sector.
The tech-concentrated Nasdaq Composite put in the worst performance among key indexes. The S&P 500 fell for the first time in four sessions, with theTech stocks were stung by a rise in the 2-year Treasury yield, pushing above 4% for the first time in nearly a week. Higher yields slice into the value of future profit for tech and other growth companies.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market news today: Regional banks rally on SVB dealUS stocks rise as Silicon Valley Bank deal pushes regional lenders higher
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market news today: US stocks trade mixed as bank fears easeUS stocks trade mixed as bank fears ebb with sale of SVB assets to First Citizens
Source: BusinessInsider - 🏆 729. / 51 Read more »
STOCK MARKET NEWS: Alibaba split, Lyft’s new CEO, SVB hearings, Walgreen’s, Micron reportInvestors will monitor the first Silicon Valley Bank hearing, Jack Ma’s Alibaba is restructuring, Lyft gets new CEO and Walgreen’s, Micron report. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Source: FoxBusiness - 🏆 458. / 53 Read more »
Stock market news today: S&P 500 may break 3-day win streakUS stocks slip as yields creep higher on easing concerns about banking system stress There is No Value in buying stocks
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »