U.S. stocks resumed their sell-off on Monday as government bond yields continued to trek upward, a signal that many traders are certain the Fed will soon hike rates.
Tech stocks suffered a hit recently over valuation worries because they may face higher borrowing costs due to potential interest rate hikes.The tech-heavy$Nasdaq Composite Index (.IXIC.US)$had posted its biggest one-week percentage decline since February.
The$Nasdaq Composite Index (.IXIC.US)$has recovered from the morning decline and closed 0.05% higher on Monday.It seems that the market is take a breath and trying to digest four rate hikes.
Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.
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