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-0.000694565028650793 0.00254210800486195 0.00191005382878971 0.0026046188574405 0.00555652022920646 -0.00121548880013892 -0.00138913005730159 0.0102448341725993
Stock impact report

What higher-for-longer interest rates could mean for tech stocks [CNN]

Marvell Technology, Inc. (MRVL) 
Last marvell technology, inc. earnings: 3/4 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: marvell.com/company/investor_relations
Company Research Source: CNN
CNN — After roaring higher for most of this year, the rally in tech stocks sputtered in August as investors grew increasingly worried about how long the Federal Reserve will keep interest rates high. The pain in tech could continue. Strong economic data in recent months has investors betting that the Fed will keep interest rates higher for longer. Minutes from the Fed's July meeting released earlier this month revealed that officials worried over whether inflation would cool further without additional easing in the economy and labor market. The odds of another rate hike later this year or early next have increased over the past month, even though the majority market view is still (narrowly) that the Fed is done. Hopes for a rate cut have been pushed back to May 2024, at the earliest. The yield on the 10-year US Treasury note closed at about 4.32% on August 21, its highest since early November 2007. The same day, the 30-year yield notched its highest close since late April 2 Show less Read more
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