Wall St slides as Treasury yields extend rally after jobs data
© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange in New York City, U.S., September 28, 2023. REUTERS/Brendan McDermid/File Photo
After a stellar first half this year driven by the Artificial Intelligence hype, some investors believe megacap stocks could lose momentum as yields continue to rise. A Labor Department report showed 9.61 million job openings for August, higher than the 8.8 million estimated by economists polled by Reuters.
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