While you were sleeping: Tech stocks drop

Thu, 29 Jun 2017

By Margreet Dietz June 30 (BusinessDesk) - Wall Street declined as a slide in tech stocks outweighed a rally in bank stocks as central banks in the US, Canada, the UK and the eurozone signalled a stance towards tightening monetary policy. US Treasuries declined, sending the yield on the 10-year note four basis points higher to 2.27 percent. German bunds also slid. “Markets are quite nervous about central banks,” Andrea Tueni, a trader at Saxo Bank, told Bloomberg. “There is a kind of hawkish pivot by global central bankers that seems...

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