Nasdaq drops 2.8%, posting worst day since March as Treasury yield jump slams tech stocks
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Tech stocks came under pressure amid a swift rise in U.S. Treasury yields
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Stocks fell on Thursday after a sharply lower-than-expected reading on US GDP for the first quarter ratcheted up questions about the health of the US economy in the face of persistently high interest rates. Meanwhile, Meta's revenue forecast rattled tech investors eyeing the next high-stakes...
Published 04/26/24
Published 04/26/24
The major stock indexes were little changed Wednesday as Tesla surged in the aftermath of its earnings report and investors awaited more quarterly updates. Learn more about your ad choices. Visit megaphone.fm/adchoices
Published 04/25/24