Despite rising yields, tech rallied. Investors are anticipating Nvidia’s earnings report — if it meets its revenue forecast, expect its stock to surge.
. "What seems to be clear is that food price volatility will continue in coming months," an analyst said.Europe's regional Stoxx 600 index currently at 448.66 — but UBS thinks the index will drop 10% to 410 by the end of this year. These are theThe bottom line
Yields on U.S. Treasurys continued marching higher, with the benchmark 10-year yield closing at 4.342%, a level not seen since November 2007. The 2-year yield added over 6 basis points to breach the 5% barrier, trading at 5.007%. "Typically spikes in Treasury yields expose other areas of weakness," said Megan Horneman, chief investment officer at Verdence Capital Advisors. "This is a risk to tech stocks and growth stocks with high PE multiples."
It's true technology stocks are sensitive to a high interest rate environment because their value rests on future earnings. Despite that, tech rallied, making their gains even more striking. The tech-heavy
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
CNBC Daily Open: Rising yields can't dampen excitement over NvidiaDespite rising yields, tech rallied. Investors are anticipating Nvidia’s earnings report — if it meets its revenue forecast, expect its stock to surge.
Consulte Mais informação »
CNBC Daily Open: A ‘perfect storm' battered U.S. stocksThe S&P 500 started its plunge around mid-August last year, sunk by technology stocks. A year later, we’re experiencing an unwelcome sense of déjà vu.
Consulte Mais informação »
CNBC Daily Open: Unwelcome déjà vu in U.S. marketsThe S&P 500 started its plunge around mid-August last year, sunk by technology stocks. A year later, we’re experiencing an unwelcome sense of déjà vu.
Consulte Mais informação »
Novak Djokovic rips open shirt after epic win over Carlos Alcaraz at Cincinnati OpenAn epic match ended with an epic celebration by Novak Djokovic at the Cincinnati Open.
Consulte Mais informação »
CNBC Pro Talks: This analyst is betting on 'high quality' stocks instead of chasing trendsJoin CNBC's Joumanna Bercetche as she speaks to Hannah Gooch-Peters of asset management firm Sanlam Investments UK on finding pockets of growth in companies outside of the U.S.
Consulte Mais informação »
These are the hottest S&P 500 stocks of the summer. Where analysts see them going nextCNBC Pro screened for the best performers in the broad index.
Consulte Mais informação »