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S&P 500 Slammed By Losses For Tech Stocks

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According to Business Insider, US equity markets are under pressure for a second day. A massive sell-off of US Treasury bonds led to more losses on the New York Stock Exchange. Treasury notes for 10-year and 30-year yields rose to their highest levels in years over the last two days, rising over 3-percent each. But tech and communication services stocks are contributed to Wall Street's losses for Oct. 5th. Intel, Microsoft, and Apple posted losses that dragged on the S&P's tech index, while Netflix, Facebook, and Alphabet contributed losses to the communication services index.

Added on the 05/10/2018 15:10:05 - Copyright : Wochit

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