Tech Stocks Fall, Bond Yields Rise Ahead of Fed Minutes

Technology stocks declined as bond yields hit their highest level in three years and investors awaited more details about the Federal Reserve’s plan to raise interest rates.

The S&P 500 slipped 1.3% in early Wednesday trading. The benchmark stocks gauge fell 1.3% Tuesday after Fed governor Lael Brainard said the central bank was strongly committed to curbing inflation. The S&P 500’s technology sector fall 2.6%.

Source: WSJ