The sharp lows on Tuesday of Wall Street stocks is deepening concerns over persistent inflation and price hikes, as debt ceiling negotiations continue in Washington.All three major U.S. stock indexes slid by nearly 2% or even more, with interest rate sensitive tech and tech adjacent stocks while investors lost risk …
Read More »Bond yields struck high flying stocks of 2021
U.S. stocks stumbled Tuesday, logging their sharpest pullback since May 2021, as rising bond yields impacted shares of technology companies.A number of stocks were hit hard including Moderna, Nvidia and Google holding company Alphabet. Shares of Moderna were down nearly 7% in mid-day trading session. The Federal Reserve’s signaled policy …
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