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Jesse Cohen: Rising Treasury yields and oil hit U.S. tech stocks

Jesse Cohen: Rising Treasury yields and oil hit U.S. tech stocks
Yields and oil impact U.S. tech stocks

Jesse Cohen, senior markets analyst at Investing.com, reports that rising 10-year U.S. Treasury yields and a rebound in oil prices impacted growth and mega-cap technology stocks following a recent rally driven by semiconductor shares.

Stocks in these segments faced losses as market dynamics shifted due to higher yields and energy costs.

Earlier this year, Jesse Cohen reported that stocks fell for a fourth consecutive day as the VIX spiked and Treasury yields hit 20-year highs. He also highlighted that a $10,000 investment in Nike stock five years ago would now be worth about $2,500, reflecting a significant decline in value over the period. These developments indicate persistent challenges for both company shares and broader equity markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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