Shares of large-cap tech stocks are trading lower amid rising Treasury yields, which have pressured growth sectors.
Portfolio Pulse from Benzinga Newsdesk
Large-cap tech stocks, including AAPL, NVDA, and TSLA, are trading lower due to rising Treasury yields, which have put pressure on growth sectors.
September 06, 2023 | 3:52 pm
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NEGATIVE IMPACT
Apple's stock is trading lower due to rising Treasury yields.
Rising Treasury yields often lead to a decrease in the value of growth stocks, such as Apple. As yields increase, the relative attractiveness of growth stocks decreases, leading to a potential decrease in their stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
NVIDIA's stock is trading lower due to rising Treasury yields.
Rising Treasury yields often lead to a decrease in the value of growth stocks, such as NVIDIA. As yields increase, the relative attractiveness of growth stocks decreases, leading to a potential decrease in their stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Tesla's stock is trading lower due to rising Treasury yields.
Rising Treasury yields often lead to a decrease in the value of growth stocks, such as Tesla. As yields increase, the relative attractiveness of growth stocks decreases, leading to a potential decrease in their stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100