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S&P 500 drops and 10-year yield sees sharpest decline since March 2023, Michael A. Gayed notes

S&P 500 drops and 10-year yield sees sharpest decline since March 2023, Michael A. Gayed notes
S&P 500, 10-year yield, chip stocks fall

The S&P 500 fell from 7,757 to 7,663, while the yield on the 10-year U.S. Treasury dropped from 5.13% to 4.96%, marking the largest one-day decline in the 10-year yield since March 2023.

Chip stocks slipped 6.7% during this trading session. Michael A. Gayed reported that bonds saw relief while stocks faced declines.

Earlier, Michael A. Gayed reported that APLD projected $3.0 billion in capital expenditures and $116 million in expected revenue as the company released earnings results here. He also noted that Accenture’s third-quarter revenue grew by 6% while bookings declined 2% here. These updates follow a session marked by bond relief and a decline in 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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