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US Treasury yields surge and Levi Strauss lowers guidance

CNBC ·

LEVI
LEVI Levi Strauss & Co
$19.51 -4.97%
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  1. 1The S&P 500 retreated from record highs as US Treasury yields rose.
  2. 2Levi Strauss lowered its annual net sales growth guidance to 7%.
  3. 3Levi Strauss shares fell nearly 2% in after-hours trading.

So what's the key point?

Stock market indices moved down from their peaks as US Treasury yields increased. Levi Strauss shares dropped after the company lowered its expected sales growth to 7%.

Source CNBC · View original ↗

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