The stock market fell again on Monday, without much in the way of bad news. Several risks remain for markets in October, which can also be a historically bad month for stocks. Big tech fell the most, with many in the group in correction territory.

“There has been a considerable build-up of market angst—a pullback is not unreasonable,” writes Seema Shah, chief strategist at


Principal Global Investors.
 

Technology stocks were particularly hard hit as bond yields rose. Rising yields often signify that investors see inflation and strong economic demand in the future. The 10-year Treasury yield ticked up to as high as 1.5% from 1.48%, before ending the day at 1.49%. It has risen from 1.31% in September, just before the Federal Reserve confirmed it will likely soon begin reducing its bond purchases, which could lower bond prices and lift their yields. higher bond yields make future profits less…

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