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Treasury yields fall and tech stocks face selling amid rising wholesale prices

Investor's Business Daily +1 ·

  1. 1Wholesale prices rose 6.3% annually in September.
  2. 2Investors cashed out of tech stocks and moved into safe-haven bonds.
  3. 3The 10-year Treasury yield fell nearly 13bp to 5.066%.

So what's the key point?

The price of goods being bought in bulk rose by 6.3 percent. Investors sold their tech stocks to get cash and moved that money into bonds.

Source Investor's Business Daily +1 · View original ↗

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