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US Tech Stocks Rise Amid Surge in Treasury Yields

Reuters ·

  1. 1The Nasdaq Index rose more than 1% on Monday, hitting a new record high.
  2. 2Long-term Treasury yields soared to their highest levels since 2002.
  3. 3Assumptions are spreading that AI-driven economic expansion is causing inflationary pressures.

So what's the key point?

The Nasdaq Index reached an all-time high as US tech stocks rose. Treasury yields also jumped to their highest levels since 2002 due to concerns that AI-driven economic growth could drive up inflation.

Source Reuters · View original ↗

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