Published On Oct 21, 2024, 9:30 AM
Today's stock market saw a decline, particularly within the Nasdaq, as investors awaited upcoming corporate earnings reports. At the same time, the yield on the 10-year treasury bond reached its highest point since July, prompting concerns over rising interest rates which can impact economic growth and corporate profitability.
Negative
With the Nasdaq leading the decline and rising bond yields indicating tighter monetary conditions, technology stocks may face downward pressure. The upcoming earnings reports could further influence market sentiments and volatility.
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