Stocks Boosted by Tech Earnings; Bond Yields Hit Multi Year Highs The recent market fluctuations have been marked by a rollercoaster ride, with stocks soaring and bond yields hitting multi year highs.
On one hand, tech earnings from Amazon and Microsoft brought investors back into the fold, as these companies' strong cash generation through fiscal 2027 and cloud growth in more than four years alleviated concerns about "moonshot" spending.
The AI driven data center boom is straining global supply chains, leading to a drop of over 7% in Apple shares.