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Spike in Bond Yields Spooks Investors, Deflates Tech Stocks

by The Epoch Times
September 29, 2021
in Finance
Spike in Bond Yields Spooks Investors, Deflates Tech Stocks

The New York Stock Exchange is seen in New York City on Nov. 23, 2020. (Seth Wenig/AP Photo) Technology companies led a broad slide in stocks on Wall Street Tuesday, deepening the market’s September swoon.

The S&P 500 fell 2 percent, its worst drop since May. The tech-heavy Nasdaq dropped 2.8 percent, its biggest drop since March. Decliners outnumbered advancers on the New York Stock Exchange 4 to 1.

The benchmark S&P 500 is down 3.8 percent so far this month and on pace for its first monthly loss since January. The September slump has been an exception to a mostly […]

Read the rest of this story here: www.theepochtimes.com

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