WS #14306
30-year Treasury yield tops 5.31% (19-year high), pressuring growth and tech stocks; semiconductor and chip stocks decline on rising oil and bond yields, with Intel down 7.2%. Workday's $51 billion buyout talks and strong Q2 earnings across software sector lift stocks, with Adobe surging and adding ~$4 billion in market cap.
Bond selloff and tech pressure
30-year Treasury yield tops 5.31% (19-year high), pressuring growth and tech stocks; semiconductor and chip stocks decline on rising oil and bond yields, with Intel down 7.2%.
Workday's $51 billion buyout talks and strong Q2 earnings across software sector lift stocks, with Adobe surging and adding ~$4 billion in market cap.