The Treasury Yield Trap: A Warning Sign for Tech Stocks The recent downturn in US stocks, led by the tech heavy Nasdaq Composite, has many scratching their heads.
Rising Treasury yields are weighing heavily on tech stocks, reflecting a broader economic trend that threatens to derail the growth momentum of the sector.
Oil prices have surged, driven by President Trump's hawkish rhetoric towards Iran and Oman. Brent crude futures have hit $91 per barrel, while US benchmark West Texas Intermediate crude has risen to $84 per barrel.