Stocks declined for a third consecutive session on August 18, driven mainly by weakness in semiconductor stocks, which have been key to the recent market rally. Despite the S&P 500 staying near record highs, concerns over rising Treasury yields, persistent inflation, and geopolitical tensions with Iran are creating pressure on risk assets. The 10-year Treasury yield remains elevated at 4.71%, making bonds a more attractive alternative to the highly valued stock market that has surged over 20% in the past year. Investors are debating the sustainability of the equity rally amid these challenges.
Shares of major semiconductor foundries like United Microelectronics, Taiwan Semiconductor Manufacturing, and GlobalFoundries fell sharply due to concerns over slowing AI-related capital expenditures. The Wall Street Journal reported that top tech fi...
Intel shares fell 4% alongside other chipmakers like AMD and NVIDIA due to rising Treasury yields pressuring high-growth tech stocks. Despite the pullback, Intel stock is still up 180% year-to-date. Recent quarterly filings revealed NVIDIA holds a ma...
