Dow posts 4-day losing streak as tech falls, rates rise [CNBC]
Meta Platforms, Inc. - Class A (FB)
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm
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Source: CNBC
show chapters Stocks fell on Monday as tech shares declined, while investors fretted over higher interest rates. Wall Street also zeroed in on the busiest week of the earnings season. The Dow Jones industrial average closed 14.25 points lower at 24,448.69 — notching its first four-day losing streak since March — with Goldman Sachs as the worst-performing stock in the index. The Nasdaq composite pulled back 0.3 percent to close at 7,128.60, its third straight decline, as Facebook, Amazon, Netflix and Alphabet all closed lower. The S&P 500 closed flat at 2,670.29 as a 0.4 percent decline in tech offset a 1.1 percent gain in telecommunications. The 10-year Treasury note yield hit a high of 2.99 percent, threatening to reach 3 percent. The benchmark rate last traded at 3 percent or higher in January 2014. Investors have been selling Treasurys this month — pushing yields higher — amid expectations of rising inflation, which could prompt t
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