Wall Street Dips as Surging Treasury Yields Offset Software Gains
U.S. stock indexes saw a mixed performance with Wall Street dipping as surging Treasury yields tested investor appetite, despite gains in software shares. Accenture climbed 22% after forecasting full-year revenue growth above estimates, and Micron Technology's better-than-expected revenue forecast reinforced confidence in the AI sector. The yield on the benchmark 10-year Treasury note touched 5.3445%, its highest since 2002.
Want more?
Open NewsSnap.ai for the full app experience, including audio, personalization, and more news tools.