US stocks: Tech selloff weighs down Wall Street as bond yields climb
Wall Street faced a downturn as escalating tensions in the Middle East triggered a surge in bond yields.
A steep decline was particularly evident in technology stocks, with semiconductors taking the brunt of the losses.
Investors pivoted from growth-focused sectors to safer bets like healthcare.
Additionally, oil prices rose amidst geopolitical instability and changes in military strategies.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.
