AI Rally Falters as Yields Re-Enter Danger Zone
Stocks closed higher on Monday as investors returned to AI and tech stocks, but the rebound may be short-lived as bond yields climb back into a danger zone.
US stocks managed to eke out gains on Monday as dip buyers returned to the technology and AI sectors following last week's selloff. Semiconductors and the broader AI complex led the rebound.
However, the rally appears fragile. Bond yields are climbing back into what analysts have termed the 'danger zone', threatening to cap risk appetite. The tone could shift sharply lower in Tuesday's session.
Source: FXStreet Forex News