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.
despicable me 63 : enjoy learning