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U.S. Technology Stocks Sold Off but Partially Recover Towards Close

NEW YORK, New York – Technology stocks were sold off on Tuesday, while the industrial sector rallied.

Tech stocks are being shunned due to a rise in Treasury yields which is boosting the dollar.

“We have seen a little pressure on tech stocks as long-term government bond yields have rallied for the second day now. That’s weighing on valuations. Zoom earnings didn’t help today, highlighting some of the dyna

Original Post: bignewsnetwork.com

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