The Wall Street momentum stopped on Tuesday, as investors withdrew from technology shares and renewed the high revenue of bonds.
The Dow Jones industrial average fell 114.83 points, or 0.27 %, while the S&P 500 index fell 0.39 %, which ended a six -day victory chain.
Nasdaq’s compound slipped by 0.38 % when chips and MegacAps, led by losses in NVIDIA, AMD, Meta, Apple and Microsoft. The technology sector was the worst S&P 500, as it decreased by approximately 0.9 %.
The withdrawal follows a five -week decrease, the S&P 500 raised more than 20 % of its lowest level in April, driven by optimism about the escalation of customs tariffs after President Trump’s announcement. The indicator is now less than 3 % less than its highest level ever.
“We have had a fainting related to definitions, angry gathering, and now we are waiting for clarification,” He said Bill Northworthy from the US Bank of Wealth Management. “It is optimism without clarity.”
Meanwhile, bond markets were added to the lock. The Ministry of Treasury has increased for 10 years to 4.48 %, while it reached 30 years for a period of 5 % for the second day in a row-the highest level since November 2023.
The height follows MOODY decision to reduce the debts of the United States, pointing to the escalating deficit and increasing interest expenses.
Stock evaluation challenges
Analysts say that the returns at or higher than 4.5 % tend to challenge stock evaluation. “If 30 years have erupted, does this mean that the rest of the curve is the next?” He said Manolav Matthew the poor.
Michael Wilson of Morgan Stanley indicated that the shares have constantly confronted the assessment pressure when it violates the return for 10 years 4.5 %.
Elsewhere, Tesla shares rose 2 % after Elon Musk Reaffirmation His commitment to staying the CEO for at least five years. On the political front, President Trump failed to beat the Republican Party in a major tax bill, which exposes its passage before the day of the anniversary.
