US stocks steady amid high bond yields
The Standard & Poor's 500 index experienced a modest decline, influenced by the rise in US Treasury yields, which reached 5.078% for the 10-year bonds, nearing their highest levels since 2007. This has heightened expectations of tightening monetary policy. Despite gains in technology stocks, the wave of rising bond yields and inflation pressures led to declines in sectors such as healthcare, while semiconductor stocks saw a partial recovery. Markets are now focusing on US labor market data and interest rate hike forecasts, with a 70% chance expected of another rate increase in October.
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