Bond Yields Weigh on Markets as Tech Stocks Bounce Back
A sharp rise in US bond yields has weighed on investor sentiment, causing major market moves across various sectors. Apple (AAPL) and Amazon (AMZN) are among the top performers, despite facing regulatory scrutiny and a potential product launch by Apple's new CEO John Ternus.
The Dow Jones fell over 400 points as higher oil prices and rising bond yields put pressure on equities. However, some tech stocks have bucked this trend, with Dell (DELL) surging over 9% after beating quarterly estimates and raising its fiscal 2027 forecast due to robust AI server demand.
Nvidia (NVDA) also made a notable announcement, forecasting a 70% revenue growth for fiscal 2028, exceeding analyst expectations. This move reinforces Nvidia's leadership in AI hardware.