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There was another possible development: Reuters also reported that Ukraine said that Belarus could soon join the invasion of Ukraine. However, the AFP, citing a Pentagon official, said the U.S. hasnāt yet seen evidence that Belarusian troops are in Ukraine. For tech stocks, āthe main thing is yields,ā Essaye 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 uglyāand 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 itās on a sustainable path higher. Higher long-dated bond yields make future profits less valuableāand many tech companies are valued on the basis of profits forecast for many years in the future. False news often spreads via public groups, or chats, with potentially fatal effects.
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