Market News / Story
IPG Photonics, Nova, Teradyne, NXP Semiconductors, and Microchip Technology Stocks Trade Down, What You Need To Know
Stock Story ·
Stock Story reports: What Happened? A number of stocks fell in the afternoon session after surging 10-year Treasury yields heightened borrowing cost concerns after the Federal Reserve’s September meeting minutes showed most officials expect another rate increase this year. CNBC reported that the 10-year Treasury yield climbed back above 5.3% on Wednesday and earlier touched its highest level since 2002. The minutes, released Wednesday, said most participants judged that another increase in…