Stocks decline and bonds rise as yields drop, Michael A. Gayed notes

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Stocks decline and bonds rise as yields drop, Michael A. Gayed notes — Stocks fall as bonds rally and yields dip

Stocks declined on Thursday while bonds were in demand, with yields on the 10-year falling from 5.33% on Wednesday night to 5.06% on Thursday, according to Bloomberg.

Michael A. Gayed commented that the bond market continues to serve as a safe haven when stocks face pressure.

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Michael A. Gayed has previously commented on company earnings and spending trends. He addressed the $3.0 billion capex and $116 million expected revenue figures as APLD reported earnings. In an earlier report, Gayed noted that ACN saw revenue rise by 6% in the third quarter while bookings fell by 2%.

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