S&P 500 in choppy trade as tech rallies after Treasury yields run out of steam
Investing.com -- The S&P 500 swung between gains and losses Monday, amid choppy trade as investors weighed up retreating Treasury yields and a rally in tech stocks to ahead of the quarterly earnings from big tech this week.The surge in longer-term Treasury yields have been driven by several factors including stronger-than-expected economic growth and stubborn inflation as well as a jump in supply as the U.S. Treasury steps up the pace of borrowing.
The move comes just over a week ahead of the Federal Open Market Committee two- day meeting slated for Oct. 31.
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