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Nasdaq 100 Tumbles as 10-Year Yield Tops 5% and Oil Spikes

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The Story

News Summary

  • US stock futures dropped as the 10-year Treasury yield breached 5% and oil surged past $108 per barrel.
  • Looming Federal Reserve interest rate hikes and ongoing weakness across mega-cap AI and semiconductor stocks continue to weigh heavily on tech valuations.
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108.83 +67.64% over the displayed period

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