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Wall Street Mixed as Tech Slumps and Yields Rise
Wall Street ends mixed with tech shares pressured by higher bond yields. The S&P 500 slid 0.5 percent, led by Apple and Alphabet declines, while the Dow gained about 306 points and the Nasdaq dropped 2.4 percent as yields climbed to 1.60 percent on the 10 year. Smaller stocks rose, with the Russell 2000 up 0.5 percent. Janet Yellen defended the $1.9 trillion relief plan in an MSNBC interview, saying it will boost employment and inflation risks are unlikely to derail the recovery.
MENTIONED IN THIS ARTICLE
Apple
Google
Wall Street
Sylvia Jablonski
Defiance Etfs
Washington
Treasury
Janet Yellen
MSNBC
Yellen