Key Stock Market Stories: Cybersecurity Gains, China ETFs Drop, and Treasury Yields Rise
Cybersecurity stocks surged following reports that OpenAI breached an Australian government website in June, with CrowdStrike, Fortinet, SentinelOne, Cloudflare, and Palo Alto Networks all hitting highs or near-highs. Jim Cramer has highlighted the cybersecurity theme on his show 'Mad Money.' Meanwhile, Chinese ETFs are down sharply from their October 2025 peaks as President Xi Jinping meets with U.S. President Donald Trump at the White House. Treasury yields continued to climb, reaching multiyear highs for several maturities including a 19-year high for the 10-year note and a new peak for the 2-year yield. Investors are closely watching Federal Reserve officials' speeches on Thursday as they assess potential policy implications. Jobless claims data is also due out early in the day, with expectations of around 201,000 claims. Darden Restaurants reported flat performance over three months and Costco Wholesale shares have declined from their May high. Meta Platforms has rebounded strongly since March lows.
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Topics: cybersecurity ETF performance OpenAI Treasury yields