Credit: pixfly/Shutterstock.com Tech Megacaps Drag Down Stocks as Bond Yields Rise
Stocks fell, with some of the world's largest technology companies leading losses as Treasury yields climbed.
November 29, 2022 at 12:53 PM
3 minute read
Technology Media and Telecom
Stocks fell, with some of the world's largest technology companies leading losses as Treasury yields climbed.
The S&P 500 was down for a third day, while the tech-heavy Nasdaq 100 underperformed amid a slide in giants like Apple Inc. and Microsoft Corp. Amazon.com Inc., which is looking to sell investment-grade debt, saw its shares slump. U.S.-listed Chinese stocks jumped as officials vowed to speed up COVID shots for the elderly and avoid excessive restrictions.
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