The gains have followed a months-long rotation in which tech stocks were outpaced by shares of banks, energy companies and other economically-sensitive names that have surged since breakthroughs in COVID-19 vaccines late last year.
"Tech and growth has started to pick up a little bit because people are getting a little more cautious," said Lindsey Bell, chief investment strategist at Ally Invest. "Investors are in this wait-and-see mode ... at least until earnings get underway." Higher bond yields are particularly challenging for the performance of tech and other shares with high valuations and high expected future profits, as rising yields reduce the stocks' values in many standard models. The 10-year yield rose about 83 basis points in the first quarter.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall St slides on report of Biden's plan to almost double capital gains taxWall Street's main indexes hit session lows on Thursday, after a report said President Joe Biden will propose almost doubling the capital gains tax rate for wealthy individuals to 39.6%. Uh oh. Here come the people that think the stock market is the economy. This is why Trump is a fake billionaire...he’s actually broke.
Source: Reuters - 🏆 2. / 97 Read more »
Sen. Bernie Sanders introduces bill to make college free and have Wall St. pay for itSen. Bernie Sanders, I-Vt., and Rep. Pramila Jayapal, D-Wash., introduced the College for All Plan. The bill would make college free for millions of Americans. acorns Tells you a lot about VT. It use to be a traditional state before it was taken over by left wingers from NY. acorns As a business owner I can tell you college degree is equal to HS dryer in years past. 30 years ago you had the top 20-30% of the Hs class in college. Today you have over 60% -70 a good thing. Yet the be pool of stars is the same. The pool of good is the same & pool of poor equal. acorns You mean make someone else pay for it. Propaganda
Source: CNBC - 🏆 12. / 72 Read more »
Tesla edges past Wall St target as bitcoin sales, environment credits boost revenueElectric carmaker Tesla Inc (TSLA.O) marginally beat Wall Street expectations for first-quarter revenue on Monday boosted by a jump in environmental credit sales to other automakers and liquidating some bitcoins. When the batteries burst into flames and the auto pilot rams people into 18 wheelers, that beat my expectations as well Tesla?
Source: Reuters - 🏆 2. / 97 Read more »
Wall St set to start month on firm footing; economic data in focusWall Street's main indexes were set to rise on Monday after a week of largely upbeat earnings strengthened expectations of sustained profit growth for companies, with investors awaiting data to gauge the pace of the country's economic recovery.
Source: Reuters - 🏆 2. / 97 Read more »
S&P Dow Jones brings bitcoin, ethereum to Wall St with cryptocurrency indexesThe S&P Dow Jones Indices launched new cryptocurrency indexes, it said on Tuesday, further mainstreaming digital currencies including bitcoin and ethereum by bringing them to the trading floors of Wall Street. kerimcalender hocam :) Can we go somewhere today? Colombia soscolombia DDHH
Source: Reuters - 🏆 2. / 97 Read more »