Tech Stocks and Bitcoin Rise as Treasury Yields Ease
On Monday, tech stocks experienced gains alongside a rally in Bitcoin prices due to easing concerns over inflation. This was driven by falling oil prices and lower yields on long-dated U.S. Treasuries. Brent crude futures dropped below $100 per barrel, while the yield on the 10-year Treasury fell to 4.95%. The S&P 500 tech sector saw a strong performance with AI chip leaders Intel and AMD leading the charge. Meta's stock surged over 5%, as did Tesla’s shares. Bitcoin climbed more than 5% above $85,000 while ether also rose about 5%. Investors appeared to shift focus back toward digital assets amid reduced inflation fears. Strategy, Coinbase, and Critical Mines were among the notable stocks attracting attention from Yahoo Finance readers.
Tickers: $AMD $COIN $CRML $INTC $META $MSTR $TSLA
Topics: bitcoin oil_prices tech_stocks treasury_yields