Tech stocks experience another pullback, while bond yields ease
2026-08-19 22:29:08
According to CoinMeta, tech stocks experienced another pullback after the opening of trading, offsetting the relief in bond yields. The Nasdaq Composite Index fell during morning trading, while the Dow Jones Index and the S&P 500 Index were boosted by the U.S. Treasury Department's support for long-term securities repurchases. The tech sector faced new selling pressure, with semiconductor stocks continuing to decline; the stock prices of Intel, AMD, and Broadcom all saw declines. On the other hand, the healthcare sector performed strongly, with Moderna seeing a 124% increase in its stock price after positive results from the third-phase trials of its melanoma vaccine developed in collaboration with Merck. The basic materials sector also performed well, with gold futures and gold mining stocks generally rising.
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Source:Internet
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