Tech stocks get hit for a 3rd straight day
|10/08/2018||Posted by BusinessMediaguide.Com under General World News||
- Stocks continued a three-day losing streak Monday.
- Government bond yields jumped sharply higher last week to levels not seen since 2011.
- Meanwhile, the US is said to be monitoring China for currency manipulation.
Stocks continued a three-day losing streak Monday following a bond selloff last week and as escalating trade tensions between the US and China left Wall Street on edge.
The bond market was closed Monday for Columbus Day, but the 10-year Treasury yield had jumped to multi-year highs at 3.23% last week after a string of robust economic data. The Federal Reserve is expected to continue tightening, on top of three rate read more >>>