Tech and AI Snap Back After Strong Jobs, Rising Yields
Tech and AI stocks rebounded after a two-day selloff driven by strong US jobs data and rising bond yields, according to a market commentator.
A market commentator observed that technology and artificial intelligence stocks snapped back after a brutal two-day decline. The selloff was attributed to stronger-than-expected US jobs data and a subsequent rise in bond yields.
The commentator noted they had been away for a wedding and missed the action on Thursday and Friday, but returned to report the recovery. No specific tickers or numerical details were provided.
Source: FXStreet Forex News