US Bond Yields Fall as Tech Stock Selloff Intensifies
US bond yields declined as a tech-related stock selloff intensified, with Intel and Amazon weighing on the market.
Story updates
03:54:10 PM UTC
SquawkNews
By Caroline Valetkevitch and Harry RobertsonUS Treasuries rose on Friday, putting benchmark 10-year yields on track for their biggest monthly decline since late 2023, as a sharp selloff in technology-related stocks added to concerns about AI spending and pushed investors into the safe-haven asset.T…
04:18:46 PM UTC
SquawkNews
By Ed BallardThe tech selloff is intensifying this morning after results from Amazon and Intel compounded worries around the AI trade.The Nasdaq composite slumped more than 2%.Shares of Amazon dropped; its earnings were in line with the company's forecasts - and showed booming cloud-computing growt…