Market Volatility Hits Tech Stocks as Treasury Yields Rise
The stock market declined on Friday amid rising Treasury bond yields driven by renewed inflation concerns. The S&P 500 fell 1.2%, while the Nasdaq and Nasdaq 100 dropped 1.5%. Energy was the only sector to rise, with tech stocks among those hit hardest.
Tickers: $MSFT
Topics: inflation Nasdaq oil prices S&P 500 sector performance treasury yields