Advertisement
Australia markets closed

  • ALL ORDS

    7,937.90
    +35.90 (+0.45%)
     

  • AUD/USD

    0.6444
    -0.0007 (-0.11%)
     

  • ASX 200

    7,683.50
    +34.30 (+0.45%)
     

  • OIL

    82.49
    +0.59 (+0.72%)
     

  • GOLD

    2,316.40
    -30.00 (-1.28%)
     

  • Bitcoin AUD

    102,825.86
    +355.34 (+0.35%)
     

  • CMC Crypto 200

    1,394.24
    -20.52 (-1.45%)
     

NewsBreak: S&P 500 Sags on Rising Rates, Weakness in Tech Stocks

Investing.com

Investing.com - Stocks gave up morning gains this afternoon as some major technology stocks sagged and interest rates pushed higher.

Microsoft (NASDAQ:MSFT), Costco Wholesale (NASDAQ:COST), Alphabet (NASDAQ:GOOGL) and Facebook (NASDAQ:FB) were lower. Apple NASDAQ:AAPL) and Intel (NASDAQ:INTC) were higher.

At 2:10 PM ET (18:00 GMT) the S&P 500 was down 0.17%. The Dow Jones industrials were up 0.04%; the blue-chip index had been up as many as 103 points. The Nasdaq Composite was down 0.4%, while the Nasdaq 100 Index was off 0.52%.

The United States 10-Year Treasury yield rose to 1.615% from 1.55% on Friday. The United States 2-Year yield was at 1.567%, up from 1.528% on Friday.

ADVERTISEMENT

Related Articles

Bloomberg, Goldman Sachs team up on foreign exchange analytics

Argentines Make 7% Returns in Minutes Thanks to Capital Controls

Mnuchin Expects Deal on Fannie, Freddie Retaining Earnings Soon