US Stock Market Move | Nasdaq fell by 1.34%, leading technology stocks declined, with American technology company AMD falling by nearly 6%.
On Tuesday, the Nasdaq opened lower, falling by 1.34%, with most tech stocks dropping.
On Tuesday, the Nasdaq initially fell by 1.34%, with tech stocks leading the decline. American companies such as AMD, Intel Corporation, Tesla, Inc., Amazon.com, Inc., Alphabet Inc. Class CA, and NVIDIA Corporation all dropped by more than 1%. On the news front, the yield on the 2-year US Treasury bond rose to 4.11%, the highest level since February 2025; the yield on the 10-year US Treasury bond rose to 4.663%, the highest level since January 2025. Rising yields, high inflation, and persistent high oil prices are weakening investors' willingness to invest. In addition, the interest rate swap market shows that the probability of the Federal Reserve raising rates by the end of 2026 exceeds 80%.
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