Tech Stocks Face Inflation Test as Fed Decision Looms

The US stock market has reached record levels thanks to a surge in technology stocks. However, this upward trend is set to face its first major test next week with the release of inflation data.

Investors and analysts are closely monitoring these developments as they could influence the Federal Reserve's decision on future interest rate hikes.

The recent rise in Treasury yields has compounded concerns over persistently high inflation, which may be revealed by the upcoming Consumer Price Index report due next Wednesday.