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Markets: As bond yields cool off, stock buyers step in where angels fear to tread
Increasing yields in the bond market are making it more expensive for tech companies to borrow the money they need to fund AI development.
Stocks struggled globally today as the price of oil rose to $108 per barrel. Asia was mixed, while markets declined in Europe. U.S. futures were up this morning following a tech-led selloff on Friday. Nasdaq futures were up strongly before the open in New York—suggesting that traders now believe last week’s dumpster fire was overcooked. “Things are looking a lot…
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