(Bloomberg) — As Treasury yields pushed higher after a hawkish tilt from the Federal Reserve last week, some of the world’s largest technology companies continued to sell off.
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A slide in bonds sent the rate on the benchmark 10-year note briefly above 1.5% — a level not seen since June. That’s prompted the tech-heavy Nasdaq 100 to underperform major equity benchmarks. Meantime, economically sensitive companies — like energy, financial and smaller firms –…
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