Sandisk and Micron Stocks Decline Amid Rising U.S. Treasury Yields
Sandisk and Micron experienced a decline of approximately 1% early Tuesday, following a more than 13% drop over the past five days. According to NS3.AI, this downturn coincided with the 10-year U.S. Treasury yield reaching 4.61%, marking a 12-month high, and the 30-year yield surpassing 5.18%. Goldman Sachs strategist Peter Oppenheimer noted that the rapid increase in yields could potentially trigger a correction in the equity market.
Source: CoinLive The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments