Meta and Microsoft Led Tech Stocks Higher Last Week Despite Soaring Bond Yields
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Meta and Microsoft were key drivers in boosting tech stocks last week, even as bond yields surged. This upward movement in the tech sector reflects a resilience amidst challenging economic conditions.
Investors are closely monitoring the implications of rising bond yields on market dynamics, but the performance of major tech companies like Meta and Microsoft suggests a strong underlying demand for technology stocks.
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“Here's a look at the three developments that drove the action in our portfolio last week.”
CNBC — Meta and Microsoft led tech stocks higher last week despite soaring bond yields