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Surging Treasury Yields and AI Worries Drag Tech Indices Lower

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Tech stocks and broad indices slipped as 10-year Treasury yields surged to 4.84%, stoking inflation and interest rate concerns.
  • Micron tumbled 4.7% amid higher Taiwan plant labor costs and AI regulatory scrutiny, dragging sentiment across semiconductor and benchmark equities like the Nasdaq and S&P 500.
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