Nasdaq Slides As Treasury Yields Pop; Micron Earnings On Deck

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1. 2h ago

   Nasdaq Slides As Treasury Yields Pop; Micron Earnings On Deck

   The Nasdaq slid as Treasury yields continued their march to multiyear highs. This development has significant implications for the stock market, particularly for growth stocks and the technology sector. Investors are closely watching the situation ahead of Micron's earnings report. The Dow Jones Industrial Average also slipped along with other major indexes.

   Why it matters

   Rising Treasury yields have been a focal point for investors in recent days, with the 10-year yield approaching 5%. This increase in borrowing costs can negatively impact growth stocks, which are often found in the technology sector. The market's reaction to Micron's earnings report could provide further insight into the sector's performance. The earnings report is seen as a key test for the company, with a roughly $51B revenue bar.

   What is confirmed

   • Treasury yields are rising, with the march to multiyear highs continuing.
   • The Nasdaq slid as Treasury yields popped.
   • Micron's earnings report is due to be released.
   • The Dow Jones Industrial Average slipped along with other major indexes.

   Still unconfirmed

   • Growth stocks have demonstrated resilience against rising Treasury yields.

   What to watch next

   • Micron's earnings report
   • Further movements in Treasury yields
   • The stock market's reaction to the earnings report
   Sources used for this update (11)

   1. Bloomberg.com — Bond Selloff Resumes as Oil Rises After Trump Spurns Iran Offer
   2. Yahoo Finance — Bond yields push higher as investors digest global risks, higher-for-longer path for the Fed
   3. CNBC — Treasury yields rise as march to multiyear highs continues
   4. Investor's Business Daily — Nasdaq Slides As Treasury Yields Pop; Micron Earnings On Deck
   5. Reuters — Stocks wobble as bonds slump to monthly loss
   6. eng.pressbee.net — Nasdaq Slides As Treasury Yields Pop; Micron Earnings On Deck ...
   7. cashwalklabs.io — Nasdaq Slides As Treasury Yields Pop; Micron Earnings On Deck | Global Cashwalk
   8. finance.yahoo.com — US Equity Investors to Focus on Surging Treasury Yields While ...
   9. www.foreignpolicyjournal.com — Growth Stocks Hold Firm As Treasury Yields Surge; Micron ...
   10. moneymorning.com — Micron's $51B Test Under a 5% Yield - Money Morning
   11. www.cnbc.com — Micron earnings hit Wall Street after the bell. Here's how ...
   confidence 85%