Meta and Microsoft Buck Bond Yield Surge to Lead Tech Stocks Higher

Last week, tech stocks Meta and Microsoft led gains despite rising bond yields. The pair's strong performances helped boost the overall market.

The yield on the benchmark 10-year US Treasury note surged to a two-year high of 4.06% last week, but it did not deter investors from buying into technology stocks.

Meta shares rose 2.5% last week, while Microsoft's stock climbed 3.6%. The S&P 500 and the Dow Jones Industrial Average also advanced by 0.5% and 1%, respectively.