Market News / Story
IXIC — Nasdaq Falls 0.9% as Rising Treasury Yields Keep Traders on Their Toes
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Technology stocks retreat as oil remains above $106, the 10-year Treasury yield reaches a 19-year high and markets prepare for another round of global rate increases. Bond yields overpower another Nvidia boost The Nasdaq Composite index IXIC fell 0.9% Monday, underperforming as rising borrowing costs pressured technology stocks. The S&P 500 lost 0.8%, while the Dow dropped 0.7%. Higher oil prices and stalled US-Iran talks kept inflation and interest-rate concerns firmly…