NEWS Desk Global
WALL ST DROPS AS INVESTORS CAUTIOUS AHEAD OF BIG EARNINGS
Wall Street lost ground on Monday, retreating after a strong rally the previous week, as investors awaited earnings from major companies to gauge whether equities would sustain their recent run to record highs.
A jump in Treasury yields added pressure, with the yield on the benchmark 10-year bond rising as high as 4.17%, a 12-week high. Most rate-sensitive megacap technology stocks slipped, with Tesla down 1%, and Microsoft and Meta Platforms both losing 0.7%.
Comments