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ππ½Ιͺπππ΄ ππΏα΄’(πΙͺΚΚs/πα΄Κs/πα΄α΄α΄Κα΄s Telegram | DID YOU KNOW?
Stocks dropped on Friday afternoon, as gains made earlier in the day on hopes for diplomatic progress between Russia and Ukraine turned to losses. Technology stocks were hit particularly hard by higher bond yields. "He has kind of an old-school cyber-libertarian world view where technology is there to set you free," MarΓ©chal said. That hurt tech stocks. For the past few weeks, the 10-year yield has traded between 1.72% and 2%, as traders moved into the bond for safety when Russia headlines were uglyβand out of it when headlines improved. Now, the yield is touching its pandemic-era high. If the yield breaks above that level, that could signal that itβs on a sustainable path higher. Higher long-dated bond yields make future profits less valuableβand many tech companies are valued on the basis of profits forecast for many years in the future. Now safely in France with his spouse and three of his children, Kliuchnikov scrolls through Telegram to learn about the devastation happening in his home country. He adds: "Telegram has become my primary news source."
ππ½Ιͺπππ΄ ππΏα΄’(πΙͺΚΚs/πα΄Κs/πα΄α΄α΄Κα΄s from SG