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kuehambon
2021-03-23

Awesome. Pls like and comment

Stocks rise as tech rallies amid falling yields, Nasdaq closes more than 1% higher

U.S. stocks jumped on Monday led by technology shares as investors flocked back into growth names am

Stocks rise as tech rallies amid falling yields, Nasdaq closes more than 1% higher

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Caliban
·2021-03-23
like and comment back thank you
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- kuehambon:
  Thank you
  2021-03-23
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TizzyT
·2021-03-23
ok!
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The move higher in rates in recent weeks has raised concerns about valuations on growth and tech stocks.\n“After the reopening exuberance fades and interest rates level off, investors will rotate back into large cap technology stocks with strong free cash flow, recurring revenues and increasing user penetration,” said Richard Saperstein, chief investment officer at Treasury Partners.\nIndustrials got a boost afterthe New York Times reported thatPresident Joe Biden is eyeing an infrastructure deal with as much as $3 trillion spending to boost the economy. Most Wall Street firms including Goldman Sachs were expecting around $2 trillion on infrastructure spending. Shares of Caterpillar traded into the green following the news and closed the session 0.3% higher.\nThe major averages rebounded from a losing week when a jump in bond yields pressured the high-growth stocks, which had led the indexes back from their pandemic-sparked sell-off last year. The Dow and S&P 500 fell 0.5% and 0.8% last week, respectively, breaking two-week winning streaks. 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