What's Going On With Marvell Technology Stock Thursday?
Treasury yields hit 5.3% and oil tops $91, pressuring tech stocks as Marvell outlines aggressive long-term AI growth targets.
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Stock Market: Will S&P 500 Open Up or Down Today?
Will S&P 500 open higher? Polymarket odds sit at 52% as Wall Street weighs 5.35% Treasury yields, potential Iran strikes, and Pepsi earnings.
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Two of 11 sectors are higher in Wednesday's regular session, with defensive sectors holding the top three positions. The leaders are separated rather than clustered, with Health Care and Consumer Staples above the rest of the table.
Major indices are trading lower as climbing oil prices and rising 10-year Treasury yields hit their highest level since 2002. This benchmark raises inflation concerns and expectations of future rate hikes.