Shares of several companies in the broader technology sector are trading lower as Treasury yields rise following hotter-than-expected March inflation data.
Portfolio Pulse from Benzinga Newsdesk
Shares of technology companies are trading lower due to rising Treasury yields following higher-than-expected March inflation data.
April 10, 2024 | 3:59 pm
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NEGATIVE IMPACT
Accenture's stock is trading lower due to rising Treasury yields following higher-than-expected March inflation data.
As a major player in the technology sector, Accenture's stock is negatively impacted by the rising Treasury yields, which are a result of higher-than-expected inflation data for March.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Intel's stock is trading lower due to rising Treasury yields following higher-than-expected March inflation data.
Intel, being a significant entity in the tech sector, experiences a decline in its stock price as a consequence of the rising Treasury yields, which are driven by the unexpectedly high inflation data for March.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Qualcomm's stock is trading lower due to rising Treasury yields following higher-than-expected March inflation data.
Qualcomm, as a key technology company, sees its stock price negatively affected by the increase in Treasury yields, a reaction to the unexpectedly high inflation figures for March.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50