Rising Bond Yields Cast Shadow Over Mega-Cap Tech Stocks’ Soaring Valuations
The recent surge in bond yields has sent shockwaves through the U.S. stock market, with concerns arising about the vulnerability of highly-valued shares in mega-cap technology and growth companies. Seven behemoth stocks, including Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla, and Meta Platforms, have been the driving force behind the stock market’s gains this year. As […]
SoftBank Poised for Profit Return as Vision Fund’s Tech Stocks Rebound
Japan’s tech conglomerate, SoftBank Group, is expected to announce a return to profitability in its upcoming first-quarter earnings report, bolstered by a resurgence in the technology stocks held by its Vision Fund investing arm. After enduring two consecutive years of losses due to the decline in the Vision Fund’s portfolio value, SoftBank’s potential turnaround signals […]
Stock rally slips, Powell pinned under stare for new moves
Global stocks drifted on Monday, consolidating recent gains after reaching a 14-month high the previous week. Investors were eagerly anticipating testimony from U.S. Federal Reserve Chair Jerome Powell in a market heavily influenced by monetary policy speculations. The impact of inflation includes eroding purchasing power, higher production costs, and potential challenges for businesses and consumers […]
Global Stock Benchmark at new high
Big tech shares edged higher by helping a benchmark world stock index post. This is a sixth consecutive closing high, after a weak U.S. jobs report. Labor Department data that showed wages increasing more than expected in August. This in turn had raised inflation fears, leading longer-dated Treasury yields to jump. MSCI’s all-country world index, […]