Economic TimesLean R·
US stocks: Tech selloff weighs down Wall Street as bond yields climb
Wall Street closed lower on Tuesday with semiconductors leading technology declines as Middle East uncertainty pushed bond yields to multiyear peaks, feeding concerns about borrowing costs and inflation.Fading hopes for Middle East peace pushed oil prices higher, which in turn triggered an increase in U.S. 30-year Treasury bond yields to their highest levels since 2007. Ten-year bond yields touched their highest level since January 2025.The Philadelphia SE Semiconductor Index tumbled as inv…
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