[Markets]
US STOCKS-Wall St slips as growth stocks struggle amid rising bond yields
Apple Inc and Amazon.com fell 1%, dragging the S&P 500 and the Nasdaq indexes lower. Rate-sensitive growth stocks are under pressure from the benchmark U.S. 10-year Treasury yield, which climbed as much as 3.07% to its highest level since May 11. Inflation worries came to fore ahead of U.S. consumer price index report on Friday as Brent crude prices rose above $123 a barrel.
Published:6/9/2022 10:53:55 AM
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