U.S. Tech Stocks Poised to Slide as Bond Yields Climb

Wall Street Journal2022-04-11

U.S. Stock futures fell, with technology stocks on track to lead losses, as Covid-19 shutdowns in China added to the uncertainty investors face in a period of rising interest rates.VIX, VIXmain rose ...

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Comment（24）

Samuel123win
·2022-04-12
B
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2
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Looyusooi
·2022-04-11
Ok
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Like
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VL505
·2022-04-11
Exhausted
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3
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Derrick3388
·2022-04-11
yield non stop climbing ...
Reply
8
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KLS
·2022-04-11
Buy
Reply
5
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LenaNg
·2022-04-11
OmG [Facepalm]
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4
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nsk
·2022-04-11
Great
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4
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Quicklearner
·2022-04-11
😢
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1
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Coyotero
·2022-04-11
Bad picture
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3
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JANICELSJ
·2022-04-11
Like please
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3
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Evey77
·2022-04-11
When is the next green wave coming? Tired of seeing reds...
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4
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jc0110
·2022-04-11
Pls like
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4
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Benjean
·2022-04-11
Buy in dips
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3
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RChia
·2022-04-11
Like please
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3
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AnT
·2022-04-11
Ok
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2
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Tradeyy
·2022-04-11
Pls like
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5
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Nickystonks
·2022-04-11
Need to go shopping soon
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5
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Slee49
·2022-04-11
Sad
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3
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rachellll
·2022-04-11
A
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3
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zolluA
·2022-04-11
ouch
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3
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The yield on 10-year Treasury notes rose to 2.758% from 2.713% Friday. Yields, which move in the opposite direction to bond prices, have climbed for four of the past five weeks.Twitter shares fell 4.4% in premarket trading after the company’s chief executive said Elon Musk had decided not to join the board. Tesla, where Mr. Musk is chief executive, fell 3.4%.Stock markets mostly dropped overseas. The Stoxx Europe 600 lost 0.7%, led by losses for technology and auto firms.France’s CAC 40 was an outlier, rising 0.4% after President Emmanuel Macron garnered 28.2% of the estimated vote in the first round of the presidential election, ahead of far-right leader Marine Le Pen’s 22.9%. The two will face off in an April 24 rematch of the 2017 election.Ms. Le Pen has dialed down her criticism of the eurozone but her advance in the polls still sent jitters through European markets in recent weeks. The euro traded roughly level Monday at $1.0912. The yield on 10-year French government bonds rose to 1.297% from 1.257% Friday.Stocks in China tumbled as the economic toll of Covid-19 lockdowns in Shanghai and supply-chain disruptions in the country continued to mount. The CSI 300 Index, which tracks the largest companies listed in Shanghai and Shenzhen, fell 3.1%, while Hong Kong’s Hang Seng Index dropped 3%.“Resurgence of the pandemic is the major reason,” said Bruce Pang, head of macro strategy research for China Renaissance Securities. He said investors have been hoping for measures from Beijing to help counter the effects of the slowdown.Chinese auto sales data on Monday showed that passenger-car sales fell 10.5% in March, after production was hampered by factory closures. Shanghai, the center of the Covid-19 outbreak, reported more than 25,000 asymptomatic carriers of coronavirus Sunday, according to the National Health Commission.Hong Kong-listed shares of NIO slid 11%. The electric-vehicle maker said it had to suspend production after some of its suppliers’ operations were disrupted. Shares of Zhejiang Geely Holding, a major Chinese car maker that owns Sweden’s Volvo Cars, fell 7.2%, while Shenzhen-listed electric-vehicle leader BYD lost 4.5%.Political uncertainty in Europe and economic risks stemming from China’s shutdowns were adding to investor nerves after a bumpy start to 2022 for stocks. Bond yields have surged on the prospect of tighter monetary policy set by the Fed. 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non stop climbing ...","listText":"yield non stop climbing ...","text":"yield non stop climbing ...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9014518549","repostId":1196313936,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9014506622,"gmtCreate":1649678732829,"gmtModify":1676534549358,"author":{"id":"3551655093075927","authorId":"3551655093075927","name":"KLS","avatar":"https://static.tigerbbs.com/60fe00969bbce4cfecf0d17a38c77628","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3551655093075927","authorIdStr":"3551655093075927"},"htmlText":"Buy","listText":"Buy","text":"Buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9014506622","repostId":1196313936,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9014278953,"gmtCreate":1649676952446,"gmtModify":1676534549102,"author":{"id":"3557138699303638","authorId":"3557138699303638","name":"LenaNg","avatar":"https://static.tigerbbs.com/1a4e36442a26c6b020b19f34004da7d5","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3557138699303638","authorIdStr":"3557138699303638"},"htmlText":"OmG&nbsp;[Facepalm]&nbsp;","listText":"OmG&nbsp;[Facepalm]&nbsp;","text":"OmG 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Tired of seeing reds...&nbsp;","listText":"When is the next green wave coming? Tired of seeing reds...&nbsp;","text":"When is the next green wave coming? Tired of seeing reds...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9014256937","repostId":1196313936,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9014258754,"gmtCreate":1649673681774,"gmtModify":1676534548611,"author":{"id":"3576885233950935","authorId":"3576885233950935","name":"jc0110","avatar":"https://static.tigerbbs.com/e09e5e2e4ea456938e5df81fb0919107","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3576885233950935","authorIdStr":"3576885233950935"},"htmlText":"Pls like","listText":"Pls like","text":"Pls 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